ALFA Finder| Revenue growth | 8% YoY in Q4; full-year dip of 13%. |
|---|---|
| Margins | EBITDA dip due to shutdowns; targeting return to 22-25% range. |
| Demand visibility | Strong demand for food services and US market potential. |
| Management confidence | Confident in Project Jagriti and team restructuring to stabilize operations. |
Growth
Revenue grew 8% YoY and 4% QoQ in Q4; however, full-year revenue dipped 13% due to significant machine shutdowns.
Outlook
Commissioning Project Jagriti (PM4) by Sept 2026; targeting 700-750cr turnover on base case, potentially 1500cr with flexibles.
Risks
Lack of funding delayed projects; pricing wars with low-cost waste paper producers; higher interest costs from NCD-based refinancing.
Last quarter's promises, checked
Delivered
- Stabilize PM3 → PM3 stabilized (= BEAT)
- Launch new products → Clamshells and meal trays launched (= BEAT)
- Increase B2C channels → Added 5 new marketplaces in Q3 (= BEAT)
Partly delivered
- US/Guatemala expansion → Orders fulfilled but project paused for 6 months (= PARTIAL)
- Funding gap → 60cr equity gap remaining; internal accruals insufficient (= PARTIAL)
- Professional CEO hiring → Interviews conducted but decided to develop from within (= PARTIAL)
Missed
- Project Jagriti commissioning → Delayed to July 2026 (= MISS)
- 10,000 tons/month output → Trajectory revised to 8,000-9,000 tons (= MISS)
- Revenue growth → 12cr gap vs previous year absolute numbers (= MISS)
Earnings Call filed with NSE, NSE: PAKKA. Summary written with AI assistance from the document.
Pakka Ltd: key numbers
- Share price
- ₹73.05
- Market cap
- ₹376.6 Cr
- Revenue (annual)
- ₹356.3 Cr
- Net profit (annual)
- ₹6.50 Cr
- P/E (TTM)
- 20.1×Sector 46.8×
- Promoter holding
- 43.84%+4.57% QoQ
- FII holding
- 0.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Pakka Ltd
All →Pakka Other Announcement
Pakka Limited filed its quarterly shareholding pattern as of 17 October 2026, covering promoter and public holdings. Promoter shares are largely pledged as security for NCDs, which the filing discusses in its notes.
Pakka Acquisition
Pakka Limited announced NCLT Allahabad sanction of the amalgamation of its wholly owned subsidiary Pakka Impact Limited into itself. No new shares are issued, and the appointed date is 1 April 2026.
Pakka Earnings Call Transcript: Key Takeaways
Q2 FY27 shows margin recovery: consolidated EBITDA margin 14.2%, Rapid Carry revenue ₹205 Cr. Jagriti PM4 startup slipped to December; promoter pledge and debt remain key overhangs.
Pakka Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹124.0 Cr (+64% YoY), EBITDA margin 14.2% (from 6.1%); H1 revenue ₹241.2 Cr, PAT ₹9.1 Cr. Project Jagriti stabilising; flexC ramp ahead of PM4.
Pakka Preferential Issue
Pakka Limited filed Brickwork's monitoring agency report for the quarter ended 30 September 2026 on its preferential issue. The agency reported no deviation from issue objects.
Pakka Q2 FY27 Results: Turns Profitable, Net Profit ₹2.7 Cr
Pakka Ltd reported revenue from operations of ₹124 Cr (+62.5% YoY) and net profit of ₹2.7 Cr for Q2 FY27.
- Key figure
- Net profit ₹2.7 Cr