APT Packaging revenue doubles; net profit hits ₹1.82 cr
Nano-cap posts 17% net margin, but auditor flags ₹11.45 lakh doubtful debts.
What's new
- Revenue more than doubled to ₹10.74 cr from ₹4.76 cr YoY.
- Net profit surged to ₹1.82 cr from near-zero ₹0.01 cr.
- Auditor gave a qualified opinion on non-provision of doubtful debts worth ₹11.45 lakh.
Why this matters
For a nano-cap with an ₹83 cr market cap, a double-digit net margin is a strong performance. But the auditor's repeat qualification keeps the risk real — the question is whether those debts turn into actual losses.
What we're watching
- Whether the doubtful debts are recovered in coming quarters.
- If the revenue momentum sustains into Q2.
- Any full-year guidance from management.
The full read
APT Packaging delivered a quarter that would stand out even for a much larger company. Revenue more than doubled to ₹10.74 crore from ₹4.76 crore a year ago. Net profit surged to ₹1.82 crore from a negligible ₹0.01 crore, yielding a net margin of about 17%. For a nano-cap with a market cap of just ₹83 crore, this is a sharp operational turnaround. But the auditor hasn't fully signed off. It flagged ₹11.45 lakh in doubtful debts for which no provision has been made. Management says recovery is in process. Hardly a clean sweep. The result is a routine quarterly filing, so the magnitude of the beat is the real news. The open question is whether the momentum holds and whether those doubtful debts become actual losses.
Questions answered
- How did APT Packaging's Q1 revenue compare to last year?
- Revenue more than doubled to ₹10.74 crore from ₹4.76 crore in the same quarter last year.
- What was the net profit for the quarter?
- Net profit stood at ₹1.82 crore, a huge improvement from ₹0.01 crore in Q1 FY26.
- What did the auditor qualify?
- The auditor gave a qualified opinion on non-provision of doubtful debts of ₹11.45 lakh. Management says recovery arrangements are underway.
- Is this a routine quarterly result or a surprise?
- It is a routine quarterly disclosure, but the scale of growth is striking for a nano-cap company with a market cap of ₹83 crore.
- How has the company performed on a trailing basis?
- Trailing revenue growth is 49.3% and PAT growth is 1855.6%, though those figures may cover a different period than the latest quarter.
- What is the company's debt position?
- The trailing debt/equity ratio is -5.02, indicating net cash or negative debt.