Captain Polyplast net profit up 5% on higher demand in Q2

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The company, which diversified its operations into the fast-paced solar EPC and polymer markets, registered 7% increase in net profit to ₹9 crore in the first half of this fiscal

By BL Mumbai Bureau

Updated - November 03, 2026 at 12:42 PM. | Mumbai

Captain Polyplast, a leading manufacturer and exporter of micro irrigation solutions, has reported that its net profit in the September quarter was up 5 per cent at ₹4 crore, on the back of strong demand.

Its income increased 33 per cent to ₹106 crore, while EBITDA was up 25 per cent at ₹10 crore year-on-year.

The company, which diversified its operations into the fast-paced solar EPC and polymer markets, registered 7 per cent increase in net profit to ₹9 crore in the first half of this fiscal. Income was up 25 per cent at ₹188 crore.

Ritesh Khichadia, a Whole Time Director, Captain Polyplast said the solar EPC business has been gaining traction and is well poised to grow.

During the quarter, he added the company has secured two repeat orders from MSEDCL under the PM-KUSUM Scheme for 3,000 solar pumps. Including the order received in May, the FY27 order intake has reached ₹82 crore for 3,500 solar pumps, reinforcing the company’s execution capabilities and presence in the renewable energy segment.

Looking ahead, the company remains focused on executing solar pump orders, expanding Solar EPC operations across new states and strengthening Micro Irrigation business through commercial sales, PVC pipes and exports, he added.

The company will continue to leverage opportunities across renewable energy and irrigation segments to drive growth, said Khichadia.

Shares of the company were up 2 per cent at ₹61 on Tuesday.

Published on November 3, 2026

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