Mitsu Chem Plast Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Mitsu Chem Plast Ltd filed with BSE on 25 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Mitsu Chem Plast reported Q1 FY27 total income of INR 9,532.78 lakhs, up 11.62% year-on-year, with EBITDA rising 209.50% to INR 1,549.48 lakhs and net profit up 566.23% to INR 873.83 lakhs. Management attributed the improvement to operating efficiency and product mix, and announced a proposed capacity addition of 3,550 metric tons per annum that it said is already operational. The company reiterated its long-term objective of INR 1,000 crores in annual revenue by FY28 and discussed plans for a new IBC project expected to start commercial production around the third quarter.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Total income: INR 9,532.78 lakhs (Q1 FY27)
p. 4
“Total income for the quarter stood at INR 9,532.78 lakhs, registering a growth of 11.62% year-on-year compared to INR 8,540.39 lakhs in quarter 1 FY2026.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
EBITDA: INR 1,549.48 lakhs (Q1 FY27)
p. 4
“EBITDA increased significantly to INR 1,549.48 lakhs, registering a growth of 209.50% year-on-year.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
EBITDA margin: 16.29% (Q1 FY27)
p. 4
“EBITDA margin improved to 16.29% compared to 5.87% in quarter 1 FY26 representing an expansion of 1041 basis points.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
Net profit: INR 873.83 lakhs (Q1 FY27)
p. 4
“Net profit for quarter 1 FY27 stood at INR 873.83 lakhs, registering a growth of 566.23% year-on-year compared to INR 131.16 lakhs in quarter 1 FY26.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
Net profit margin: 9.18% (Q1 FY27)
p. 4
“Net profit margin improved to 9.18% compared to 1.54% in the corresponding quarter last year.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
Earnings per share: INR 6.44 (Q1 FY27)
p. 4
“Earnings per share for the quarter stood at INR 6.44 compared to INR 0.97 in quarter 1 FY26.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
EBITDA (sequential): INR 1,549.48 lakhs vs INR 1,422.74 lakhs (Q1 FY27 vs Q4 FY26)
p. 4
“EBITDA stood at INR 1,549.48 lakhs in quarter 1 FY27 compared to INR 1,422.74 lakhs in quarter 4 FY26, while net profit increased from INR 771.73 lakhs in quarter 4 FY26 to INR 873.83 lakhs in quarter 1 FY27.”
Kashmira Dedhia, page 4 of the filed PDF · View the filing
Capacity utilization: 64% (FY26)
p. 3
“Our existing capacity utilization stood at 64% in FY26, providing a strong base for further product and capacity expansion.”
Manish Dedhia, page 3 of the filed PDF · View the filing
Existing manufacturing capacity: 32,450 metric tons per annum
p. 3
“We are also pleased to announce a proposed addition of 3,550 metric tons per annum to our existing manufacturing capacity of 32,450 metric ton per annum overall.”
Manish Dedhia, page 3 of the filed PDF · View the filing
Healthcare/furniture share of portfolio: 19.80%
p. 14
“Approximately as of today, we are at around 19.80%. So it includes furniture parts and other parts. And the rest is 80% is our packaging business.”
Manish Dedhia, page 14 of the filed PDF · View the filing
Export share of revenue: around 2%
p. 12
“Around more than 2%.”
Manish Dedhia, page 12 of the filed PDF · View the filing
Capex for additional capacity: approximately INR 2 crores
p. 8
“So it's approximately INR 2 crores.”
Manish Dedhia, page 8 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Annual revenue — INR 1,000 crores · FY28
stated as an aspiration by Kashmira Dedhia
p. 5
“The company continues to work towards its long-term objective of achieving INR 1,000 crores in annual revenue by FY28.”
Kashmira Dedhia, page 5 of the filed PDF · View the filing
IBC project commercial production — Q3
stated conditionally by Manish Dedhia
p. 11
“Approximately, yes. Approximately, yes.”
Manish Dedhia, page 11 of the filed PDF · View the filing
EBITDA margin — 10% to 12%
stated as an aspiration by Manish Dedhia
p. 15
“But sustainable margins are like 10% to 13% or 10% to 12% is a very, very reasonable amount, I would say, always.”
Manish Dedhia, page 15 of the filed PDF · View the filing
Capacity utilization — 64%, 65% or 70% · FY27
stated as an aspiration by Manish Dedhia
p. 15
“Yes, I understand. Yes, approximately remain the same 64%, 65% or 70% is a healthier for a company.”
Manish Dedhia, page 15 of the filed PDF · View the filing
Revenue growth — FY27
stated as an aspiration by Manish Dedhia
p. 8
“Yes. So I think going forward, we are looking for the same growth quarter-on-quarter.”
Manish Dedhia, page 8 of the filed PDF · View the filing
Product/business mix (packaging vs furniture) — 80-20 ratio
stated as an aspiration by Manish Dedhia
p. 17
“So I think 80-20 ratios will remain most of the time, it will remain the same.”
Manish Dedhia, page 17 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management attributed the improvement to manufacturing efficiency, operating efficiency and product mix, and said raw material price increases are passed on to customers.
Answered by Manish Dedhia
Asked by Nishita: What led to the sharp margin improvement and is it sustainable amid raw material pressure?
p. 7
“So I think in my speech, I said due to a lot of innovation and a lot of manufacturing efficiency and overall operating efficiency and product mix that gives us a good quarter.”
Manish Dedhia, page 7 of the filed PDF · View the filing
Management said it is focused more on bottom line than top line for now, but expects the top line to grow with a new IBC project launching in Q3.
Answered by Manish Dedhia
Asked by Rajesh Gupta: How will the company reach the INR 1,000 crores FY28 revenue target given the current growth rate?
p. 9
“So we are more focusing on the bottom line rather than top line, number one.”
Manish Dedhia, page 9 of the filed PDF · View the filing
Management said double-digit EBITDA will be sustained but that margins vary by product and quarter, without committing to 16% as a new baseline.
Answered by Manish Dedhia
Asked by Saket Saurabh: Is the 16% EBITDA margin the new normal versus the earlier 10-12% guidance?
p. 12
“Now you can always see some more difference, but double-digit EBITDA will remain the same for sure.”
Manish Dedhia, page 12 of the filed PDF · View the filing
Management said around 19.80% of the portfolio relates to furniture and other protected parts, with 80% being packaging.
Answered by Manish Dedhia
Asked by Rashi Jain: What proportion of the healthcare portfolio is protected by patents or proprietary designs?
p. 14
“Approximately as of today, we are at around 19.80%. So it includes furniture parts and other parts. And the rest is 80% is our packaging business.”
Manish Dedhia, page 14 of the filed PDF · View the filing
Management confirmed it is discontinuing products that are profit drainers to focus on better-margin products.
Answered by Manish Dedhia
Asked by Siddhi Mehta: Are there lower-margin products being deprioritized in favor of higher-margin opportunities?
p. 16
“Yes. That's what I already said in my earlier questions that we are going away with many of the products which are not good profit margin or drainer, profit drainer.”
Manish Dedhia, page 16 of the filed PDF · View the filing
Risks flagged
Geopolitical situation affecting raw material (crude-linked) prices
p. 7
“Customers are -- I mean, suppliers are increasing prices as per the geopolitical situation, the crude and everything based on that.”
Manish Dedhia, page 7 of the filed PDF · View the filing
Long lead times to commission new machinery in blow molding and injection molding
p. 10
“So around 6 to 9 months, it takes to start to finish.”
Manish Dedhia, page 10 of the filed PDF · View the filing
Seasonality affecting capacity utilization
p. 10
“Now in some quarter, there is a seasonality, you can go maximum to 85% capacity.”
Manish Dedhia, page 10 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.