Synopsis: Polyspin Exports jumped sharply after its Q2 net profit shot up 261% YoY and 73% QoQ to Rs 2.42 crore. Although revenue was down 4% YoY and up 3% QoQ, the profitability was mainly impacted because of lower costs.
The shares of this leading textile company engaged in the manufacturing of FIBC products and OE Yarns are in focus after reporting a solid set of numbers in Q2. In this article, we will dive more into the details of it.
With a market capitalization of Rs 35.6 crore, the shares of Polyspin Exports Ltd reached a day’s high of Rs 36.60 per share, up 7 percent from its previous day’s closing price of Rs 34.17 per share. Over the past five years, the stock has corrected by over 4 percent, underperforming NIFTY 50’s return of 103 percent.
Q2 Highlights
Polyspin Exports reported a core revenue of Rs 59 crore in Q2 FY26, a decline of 4 percent as compared to Rs 62 crore in Q2 FY25. However, on a quarter-on-quarter basis, it grew slightly by 3 percent from Rs 57 crore.
On the expenses front, it reported total expenses of Rs 58 crore in Q2 FY26, a decline of 2.4 percent as compared to Rs 59 crore in Q2 FY25. However, on a quarter-on-quarter basis, it grew slightly by 2 percent from Rs 57 crore.
Regarding its profitability, it reported a net profit of Rs 2.42 crore in Q2 FY26, a staggering growth of 261 percent as compared to Rs 67 lakh in Q2 FY25. Additionally, on a quarter-on-quarter basis, it recorded a growth of 73 percent from Rs 1.40 crore.
Polyspin started in 1972 by manufacturing HDPE/PP bags and later on, in 1996, it expanded its business to full-scale FIBC (bulk bags) production. At present, it is ranked as one of the top FIBC manufacturers in the area, supported by a fully integrated plant that has been modernized from time to time. The company, which has a strong and stable customer base, is committed to satisfying its customers’ needs while also engaging in the production of cotton yarn and multiwall paper sacks.
The enterprise pledges to keep on upgrading its products, methods, and employees to be able to maintain the leading position in its main business areas. The company’s mission is to provide the highest quality and customer satisfaction by means of continuous innovation, teamwork, and a positive working atmosphere, thus guaranteeing long-term value to all its customers.
Written by Satyajeet Mukherjee
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