G M Polyplast reports Rs 4,292 lakhs revenue in H1 FY25, eyes sustainability growth

G M Polyplast Limited, a prominent player in manufacturing high-quality plastic sheets and granules, has reported revenues of ₹4,292.38 lakhs for the first half of FY25. While the figure marks a marginal decline from ₹4,349.48 lakhs during the same period last year, the company remains steadfast in its vision of market expansion and sustainable innovation.

Founder and Managing Director Dinesh Balbirsingh Sharma stated that the company achieved an EBITDA of ₹571.85 lakhs, reflecting a 13.32% EBITDA margin. This represents a slight decline compared to the previous year’s 16.84% margin. Profit after tax stood at ₹362.27 lakhs, maintaining a robust PAT margin of 8.44%. Sharma reiterated the company’s commitment to maintaining operational efficiency and production standards through advanced manufacturing and sustainable practices.

Sustainability and global reach key to future growth

Operating from a 51,237 sq. ft. facility with plans to expand by 8,000 MTPA, G M Polyplast is enhancing its sustainable energy capabilities, including a 35 KVA solar power setup. The company serves over 1,200 clients across 15 industries, with a growing global presence in regions like the UAE, Israel, Hong Kong, and Jordan. Sharma highlighted that sustainability lies at the core of their business strategy, as evidenced by their participation in Packplast Africa 2024 in Nairobi.

Diversified portfolio driving market leadership

G M Polyplast has earned ISO 9001 and ISO 22000 certifications and caters to industries such as pharmaceuticals, automotive, and food packaging. With an 18,000 MT manufacturing capacity in Dadra & Nagar Haveli, the company is diversifying into premium materials like ABS, PMMA, ASA, and PC. These expansions aim to bolster their leadership in the thermoplastics market while addressing growing demand for environmentally friendly solutions.

Past performance and future outlook

For FY24, G M Polyplast reported revenues of ₹9,219.54 lakhs, with EBITDA and PAT standing at ₹1,152.90 lakhs and ₹708.65 lakhs, respectively. The company’s success at industry events like Prawaas 4.0 further demonstrates its focus on innovation and market reach. Moving forward, G M Polyplast aims to solidify its position in the high-demand sectors of sustainable packaging and advanced thermoplastics.

Expert views on industry trends

Industry analysts note that G M Polyplast’s focus on sustainability aligns with global trends, where demand for eco-friendly materials is rapidly increasing. They believe the company’s investments in automation and renewable energy will enhance profitability and bolster its reputation in competitive markets.