ALFA Finder| Revenue growth | Consolidated total income +20.2% YoY; H1 +18.2%; price and volume mix. |
|---|---|
| Margins | EBITDA margin 17.7%, up ~100 bps YoY; big jump not expected. |
| Demand visibility | Domestic double-digit growth; exports satisfactory but freight-hit; second half uncertain. |
| Management confidence | Upbeat headline; deflected separator margin, timeline and subsidiary questions. |
Growth
Total income +20.2% YoY to ₹564.6 Cr; margin up ~100 bps to 17.7%. Growth mixes price and volume, with flexibles stronger.
Outlook
No quantified company guidance; separator investment up to ₹200 Cr. The ₹1,000–2,000 Cr scale is aspirational and conditional.
Risks
Noida subsidiary volumes weak; working capital unquantified; separator revenue, margins and timelines undisclosed.
Last quarter's promises, checked
Partly delivered
- Flexible +30% capacity, ₹50–60 Cr capex, line live Jan/Feb 2027 → no update (= PARTIAL: unverified)
- Chennai utilisation to improve in FY27, toward ~70% → 'getting there', no figure (= PARTIAL)
- Separator commercial production Q4 FY28 → plant not operational, timeline undisclosed (= PARTIAL)
Missed
- Separator capex ~₹125 Cr over 18 mo → up to ₹200 Cr now (= MISS: cost raised)
- Phase-1 revenue ₹150–200 Cr, double-digit separator margin → not disclosed (= MISS: unverifiable)
Earnings Call Transcript filed with NSE, NSE: TCPLPACK. Summary written with AI assistance from the document.
TCPL Packaging Ltd: key numbers
- Share price
- ₹4,431.10
- Market cap
- ₹4,032 Cr
- Revenue (annual)
- ₹1,810 Cr
- Net profit (annual)
- ₹97.80 Cr
- P/E (TTM)
- 30.5×Sector 47.2×
- Promoter holding
- 55.74%+0.00% QoQ
- FII holding
- 1.05%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from TCPL Packaging Ltd
All →TCPL Packaging Investor Presentation: Key Takeaways
Q2 FY27 consolidated total income ₹564.6 Cr (+20.2%), EBITDA ₹100.1 Cr (17.7% margin), PAT ₹45.3 Cr (+57.7%). Entering lithium-ion battery separator films via new subsidiary.
TCPL Packaging Results Update
TCPL Packaging reported strong Q2 FY27 results, with consolidated PAT up 58% year on year. It also incorporated a battery separator film subsidiary.
TCPL Packaging Q2 FY27 Results: Net Profit ₹45.3 Cr, Up 57.8% YoY
TCPL Packaging approved unaudited standalone and consolidated results for quarter and half year ended 30-Sep-2026 with unmodified review report. Half-year standalone revenue from operations was Rs 1,013.51 Crore and PAT Rs 82.72 Crore.
- Key figure
- Net profit ₹45.3 Cr · +57.8% YoY
TCPL Packaging Board Meeting Date
TCPL Packaging's board meets November 5, 2026 to consider unaudited half-year results. The trading window reopens 48 hours after results declaration.
TCPL Packaging Other Announcement
TCPL Packaging submitted its quarterly shareholding pattern report under Regulation 31(1)(b) for the period ended September 30, 2026.
TCPL Packaging Capital Structure Change
Clarus Capital I and other entities acquired 2,339 shares of TCPL Packaging Ltd. This purchase increased their aggregate holding from 4.98% to 5.01%.