What is the company's guidance for the next quarter?

Polyplex expects normalized EBITDA of $14 million for Q1 FY27. This estimate assumes a gradual recovery in margins.

How much did the company earn in the full year?

For FY26, Polyplex recorded $65 million in normalized EBITDA on total sales revenue of $801 million.

What is the status of the TechNova Printrite acquisition?

The acquisition of a 51% stake in TechNova Printrite is now complete.

Where is the company deploying its capital?

Polyplex has committed $73 million toward new projects. These investments are spread across India, Turkey, and the U.S.

Earnings · Plastic Products · Small cap

Polyplex targets $14M EBITDA for Q1 as it integrates TechNova

Polyplex expects Q1 FY27 EBITDA to hold steady at $14M, supported by a U.S. ramp-up and the recent 51% acquisition of TechNova Printrite.

POLYPLEX 27 May 2026 · 6:12 PM IST Verify on BSE · NSE

Mkt cap₹2,838 cr

P/E63.14×

ROE5.56%

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$14M Normalized EBITDA guidance for Q1 FY27.

What's new

Polyplex reports $65M in full-year normalized EBITDA on $801M revenue.
Management guides Q1 FY27 normalized EBITDA at $14M.
The company has committed $73M to new projects across India, Turkey, and the U.S.

Why this matters

The guidance signals a plateau in earnings as the company works through a U.S. ramp-up. With $73M in active capital commitments, the focus is now on whether these investments can lift margins beyond current levels.

What we're watching

The pace of margin recovery from the U.S. operations.
Integration milestones for the newly acquired 51% stake in TechNova Printrite.
Execution of the $73M capex pipeline across three geographies.

The full read

Polyplex Corporation closed FY26 with $65 million in normalized EBITDA on $801 million in revenue. Fourth-quarter normalized EBITDA reached $14 million. Management expects to maintain that $14 million figure for Q1 FY27, as it relies on a projected margin recovery tied to the ramp-up of U.S. operations and ongoing portfolio expansion. Beyond the core financials, the company is spending $73 million on new projects across India, Turkey, and the U.S. It also finalized its 51% stake in TechNova Printrite. The company is in a phase of heavy investment and integration. It is a long road. Whether these projects deliver the anticipated margin lift is the next test for the business.

Questions answered

What is the company's guidance for the next quarter?: Polyplex expects normalized EBITDA of $14 million for Q1 FY27. This estimate assumes a gradual recovery in margins.
How much did the company earn in the full year?: For FY26, Polyplex recorded $65 million in normalized EBITDA on total sales revenue of $801 million.
What is the status of the TechNova Printrite acquisition?: The acquisition of a 51% stake in TechNova Printrite is now complete.
Where is the company deploying its capital?: Polyplex has committed $73 million toward new projects. These investments are spread across India, Turkey, and the U.S.

Mentioned: TechNova Printrite · $73M capex · FY26 results

Primary source BSE · NSE

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