Shares of Kshitij Polyline Ltd. hit the 5% upper circuit on Friday after the company reported strong fourth-quarter results, with net profit rising 348% quarter-on-quarter.
The stock touched ₹5.97, up from the previous close of ₹5.69. The company has a market capitalization of around ₹92 crore.
Over the past one year, the stock has delivered returns of about 78%.
Q4 FY26 performance
Sequential growth
Revenue from operations increased to ₹13.1 crore in Q4 FY26 from ₹10.5 crore in Q3 FY26, a growth of 24.8%.
Operating performance improved sharply.
- EBITDA: ₹3.77 crore, up from ₹0.72 crore
- Net profit: ₹2.24 crore, compared with ₹0.50 crore
- EPS: ₹0.15 per share, against ₹0.03 per share
Net profit rose 348%, while EBITDA grew 423.6% over the previous quarter.
Strong turnaround on a yearly basis
Compared with Q4 FY25, revenue rose 46% from ₹8.98 crore to ₹13.1 crore.
The company also swung back into profitability.
Q4 FY25 vs Q4 FY26
| Particulars | Q4 FY25 | Q4 FY26 |
|---|---|---|
| Revenue | ₹8.98 crore | ₹13.1 crore |
| EBITDA | Loss of ₹4.34 crore | Profit of ₹3.77 crore |
| Net profit | Loss of ₹5.05 crore | Profit of ₹2.24 crore |
| EPS | -₹0.57 | ₹0.15 |
FY26 performance
The company reported a turnaround during FY26.
Annual numbers
- Revenue from operations: ₹44.75 crore, up 46.3%
- Total income: ₹46.92 crore
- Profit before tax: ₹3.97 crore
- Profit after tax: ₹3.55 crore
In FY25, the company had reported:
- PBT loss: ₹9.47 crore
- PAT loss: ₹9.30 crore
Key developments during FY26
Acquisition of Omkar Speciality Chemicals
Kshitij Polyline completed payment obligations for the acquisition of Omkar Speciality Chemicals under an NCLT-approved resolution plan.
The transaction is awaiting:
- Final NCLT approval
- Completion of legal formalities
Management expects the acquisition to strengthen its presence in specialty chemicals and support margin growth.
Capacity expansion
The company increased investments in:
- Plant and machinery
- Production infrastructure
According to the company, the expanded facilities are now operational and are expected to support higher output.
Entry into plastic recycling
Kshitij Polyline has entered the plastic recycling business.
The company plans to process waste plastic into reusable materials through advanced recycling systems.
Management sees the segment as a long-term opportunity amid increasing focus on sustainability and environmental compliance.
Inorganic growth plans
The company has also submitted a resolution plan for BIL Vyapar Ltd. under the insolvency framework.
The proposal remains subject to approvals from regulators and creditors.
Management outlook
Management described FY26 as a milestone year marked by:
- Financial turnaround
- Manufacturing expansion
- Balance sheet improvement
- Diversification efforts
The company plans to focus on:
- Integration of Omkar Speciality Chemicals
- Expansion in specialty chemicals
- Growth in recycling operations
- Additional inorganic opportunities
- Improving profitability and return ratios
About the company
Established in 2008, Kshitij Polyline Ltd. manufactures and exports:
- Polymer-based stationery products
- Lamination equipment
- Smart ID card accessories
The Mumbai-based company produces polypropylene (PP) and PVC-based products for retail, educational and corporate customers.
TL;DR
Kshitij Polyline hit the 5% upper circuit after reporting a 348% sequential jump in Q4 profit. The company posted a turnaround in FY26, reported ₹3.55 crore PAT and is expanding into specialty chemicals and plastic recycling.
AI summary
- Kshitij Polyline hit the upper circuit after Q4 results.
- Net profit rose 348% QoQ to ₹2.24 crore.
- FY26 PAT stood at ₹3.55 crore versus a loss in FY25.
- The company is acquiring Omkar Speciality Chemicals.
- It has also entered the plastic recycling business.
