Captain Polyplast sees strong Q2 FY26 growth, driven by irrigation and solar

Captain Polyplast Limited (CPL) has reported robust financial performance for Q2 FY26, with total income surging by 48% year-over-year to ₹80.09 Cr, up from ₹54.11 Cr in Q2 FY25. The company's EBITDA also saw a 23% increase, reaching ₹8.24 Cr compared to ₹6.69 Cr in the prior year's second quarter. Net profit for Q2 FY26 stood at ₹4.24 Cr.

The growth was attributed to strong performance in both the micro irrigation and solar EPC segments. CPL secured vendor empanelment under the PM-KUSUM scheme in Maharashtra, receiving an initial order for 200 off-grid solar water pumps worth ₹5.97 Cr. Additionally, it obtained a letter of allotment from Dakshin Gujarat Vij Company Ltd for off-grid solar water pumps across Gujarat.

Looking ahead, CPL anticipates continued demand, supported by government initiatives and a reduction in GST for drip irrigation, sprinklers, and solar equipment from 12% to 5%, enhancing affordability. The company remains committed to expanding its network and capacity utilization, including a new Ahmedabad plant scheduled for Q1 FY26.