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All Time Plastics (NSE:ALLTIME): What Did Q1FY27 Results Reveal?

All Time Plastics (NSE:ALLTIME): What Did Q1FY27 Results Reveal?

Source: Krish Capital Pty Ltd

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All Time Plastics Limited (NSE:ALLTIME) filed an investor presentation with BSE and NSE on 6 August 2026, disclosing standalone and consolidated financial results for the quarter ended 30 June 2026 (Q1FY27), including revenue of Rs 161 crore, EBITDA of Rs 23 crore, and PAT of Rs 12 crore on a consolidated basis.

Key Highlights

  • Consolidated revenue from operations rose 10.5% sequentially and 2% year-on-year to Rs 161.1 crore in Q1FY27, with volume of polymers processed increasing to 6,323 MT from 5,056 MT in Q4FY26.
  • Consolidated PAT stood at Rs 12.1 crore in Q1FY27, up 28.8% sequentially from Rs 9.4 crore in Q4FY26, though down 5.5% from Rs 12.8 crore in Q1FY26.
  • Capacity utilisation across plants improved to approximately 65% in Q1FY27 from about 52% in Q4FY26, with the company targeting approximately 75% utilisation for FY27.
  • The company has placed orders for approximately 14 new machines to add 1,500 tons of incremental capacity in Q4FY27, and its bamboo facility at Guwahati is expected to commence commercial contribution from Q4FY27.

About the Company

All Time Plastics Limited (NSE:ALLTIME), headquartered in Mumbai, is an injection-moulded plastic consumerware manufacturer incorporated in 1971 and listed on BSE and NSE in 2025. Operating four manufacturing facilities in Daman, Silvassa, Khatalwada (Gujarat), and Guwahati, the company exports to 29 countries and is recognised by Plexconcil India as the largest exporter of plastic houseware and furniture from India.

Announcement in Detail

The investor presentation, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shows consolidated gross profit of Rs 63.6 crore at a margin of 39.5% in Q1FY27, compared with Rs 61.0 crore (41.9%) in Q4FY26. EBITDA on a consolidated basis was Rs 23.0 crore, reflecting a margin of 14.3%, against Rs 21.6 crore (14.8%) in Q4FY26 and Rs 28.7 crore (18.2%) in Q1FY26.

Chairman and Managing Director Mr. Kailesh Punamchand Shah attributed gross margin compression of approximately 240 basis points sequentially to a spike in polymer prices triggered by the West Asia crisis from March 2026, compounded by port congestion affecting raw material inflows and export shipments. The presentation notes that domestic price increases have been passed on in full, with the majority of export accounts also adjusted.

Impact on Investors

Investors will note that the year-on-year decline in PAT of 5.5% and EBITDA contraction of 19.9% reflect the input cost pressures disclosed in the filing, rather than a structural deterioration. The filing shows debt-to-equity stood at 0.14 in Q1FY27, down from 0.64 in Q1FY26, following the company's IPO equity issuance, which also accounts for the reduction in annualised ROCE and ROE disclosed for the period.

Shareholders will observe that the planned capacity addition of 1,500 tons and the bamboo business at Guwahati represent capital commitments not yet generating revenue, which the company's presentation itself notes are in a transition phase pending improved utilisation and operating leverage.

Sector / Market Context

India's plastics processing industry is a significant export contributor, with Plexconcil India tracking houseware and furniture exports as a growing segment. Polymer price volatility linked to global crude oil prices and geopolitical supply disruptions has been a recurring challenge for domestic processors, as noted in industry body communications and government import data for calendar year 2026.

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