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All Time Plastics (NSE:ALLTIME): What Did Q1 FY27 Earnings Call Reveal?

All Time Plastics (NSE:ALLTIME): What Did Q1 FY27 Earnings Call Reveal?

Source: Krish Capital Pty Ltd

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All Time Plastics Limited (NSE:ALLTIME) submitted the transcript of its Q1 FY27 earnings conference call to BSE and NSE on 13 August 2026. The call, held on 6 August 2026, disclosed standalone revenue of Rs 161 crore for the quarter ended June 2026, up 10.5% sequentially.

Key Highlights

  • Standalone revenue for Q1 FY27 stood at Rs 161 crore, up 10.5% over Q4 FY26 and up 2% year-on-year from Rs 158 crore in Q1 FY26.
  • Gross margin contracted 240 basis points sequentially to 39.5% from 41.9% in Q4 FY26, attributed to a 40%-50% spike in polymer input costs linked to West Asia geopolitical disruption.
  • EBITDA rose 6.8% sequentially to Rs 23 crore in absolute terms, though the year-on-year EBITDA margin declined to 14.3% from 18.2% in Q1 FY26.
  • The company has ordered 14 new injection moulding machines to add approximately 1,500 metric tons of capacity, targeted to come on stream in Q4 FY27, with a bamboo manufacturing unit in Guwahati also progressing toward a Q4 FY27 commercial start.

About the Company

All Time Plastics Limited (NSE:ALLTIME), headquartered at Wadala, Mumbai, manufactures plastic household and consumer products through injection moulding. The company operates plants in Khatalwada, Gujarat, and serves export markets including Europe, the United Kingdom, and the United States, alongside a growing domestic branded and OEM business. It also runs a bamboo products subsidiary, All-Time Bamboo Private Limited.

Announcement in Detail

The transcript filed on 13 August 2026, signed by Company Secretary Antony Alapat, covers the earnings call held on 6 August 2026. Chairman and Managing Director Kailesh Shah disclosed that polymer input costs rose 40% to 50% above base levels due to the West Asia conflict, causing supply disruptions including port congestion and container shortages. Despite this, volume of polymers processed rose to 6,323 metric tons from 5,056 metric tons in Q4 FY26, an increase of over 25%, and capacity utilisation improved from approximately 52% in Q4 FY26 to nearly 65% against an installed base of approximately 39,000 metric tons.

CFO Manish Gattani confirmed all figures on a standalone basis. Gross profit was Rs 64 crore. The United States contributed approximately 19% of Q1 FY27 revenue against roughly 12% for full-year FY26. Europe remained the largest market at approximately 52% of revenue, the United Kingdom at 11%, and India at approximately 16%. For FY27, management cited a working assumption of approximately 75% capacity utilisation at 41,000 metric tons, subject to external geopolitical conditions.

Impact on Investors

Investors will note that the year-on-year EBITDA decline of approximately 20% reflects both the elevated raw material cost environment and a higher fixed cost base from the newly commissioned Khatalwada plant. The filing shows that price pass-throughs with certain export customers operate on a rollover mechanism, meaning the full benefit of pricing revisions agreed in Q1 FY27 will be visible only from Q2 FY27 onwards.

Shareholders will observe that the FY27 utilisation target of approximately 75% is explicitly described as a working assumption contingent on geopolitical developments, and the bamboo initiative remains pre-revenue. The disclosed terms indicate no dividend or capital action was announced during this call.

Sector / Market Context

India's plastics processing industry processes over 20 million metric tons annually, according to the Plastindia Foundation. Polymer price volatility linked to crude oil and petrochemical feedstock cycles is a structural feature of the sector. The West Asia supply disruption has been reported by industry bodies as affecting polypropylene and polyethylene availability across multiple Asian manufacturing markets in early 2026.

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