Page 52 - Plastics News September 2026
P. 52
BUSINESS NEWS
Nilkamal Profit Surges Despite Revenue Dip
ilkamal Limited reported a sharp rise crore, depending on the reporting metric. Earn-
in net profit for the first quarter of ings per share (EPS) stood at `16.29.
NFY2026-27, even as consolidated rev-
enue declined amid pressure on raw material Nilkamal also continued to strengthen its balance
costs and B2B volumes. The company’s consoli- sheet through deleveraging. Net borrowings fell
dated revenue stood at around `819–824 crore sharply to `116 crore as of June 30, 2026, com-
for the quarter ended June 30, 2026, down 7.1% pared with `331 crore a year earlier.
year-on-year and nearly 14.9% quarter-on-quar-
ter. Despite the revenue decline, net profit (PAT) Capital expenditure increased to `41 crore from
jumped nearly 60% to `24.3 crore from `15.2 `36 crore in Q1 FY26, indicating continued in-
crore in the same quarter last year. vestment in operations.
The improvement in profitability was supported The retail and e-commerce segment remained
by tighter cost controls and better operating a bright spot, with turnover rising 13% year-on-
margins. EBITDA was around `74.6 crore, while year to `104 crore, helping offset weakness in
operating profit stood at approximately `36.1 other business segments.
Lyondellbasell Registers $559 Million In Q2
The company reported net income for the sec-
ond quarter 2026 of $559 million, or $1.71 per
diluted share. During the quarter, the company
recognized $842 million of identified items, net
of tax. These items, which impacted second
quarter earnings by $2.59 per diluted share, in-
cluded the loss on sale from the divestiture of
select European assets and a write down related
to an Olefins & Polyolefins (O&P) – Americas joint
venture. Second quarter 2026 EBITDA was $1.3
billion, or $2.1 billion excluding identified items.
“In a dynamic macroeconomic environment, we
delivered exceptional results through deliber-
L yondellBasell Industries announced results vantaged portfolio and improved market condi-
ate commercial actions, the strength of our ad-
for the second quarter 2026.
tions supporting margin expansion,” said Peter
56 PLASTICS NEWS Vanacker, LYB chief executive officer.
September 2026
