Captain Polyplast, a leading player in the micro-irrigation and solar EPC sector, reported that its net profit in the March quarter was up 91 per cent at ₹10 crore on the back of growing demand.

Income surged 80 per cent to ₹142 crore while EBITDA increased 66 per cent to ₹14 crore.

The company secured multiple orders under the PM-KUSUM scheme during the year. It also received an ₹8 crore order from MSEDCL for the supply and installation of 300 off-grid solar water pumps.

The company stated that its micro-irrigation business continues to be the backbone of operations. Reduction in Goods and Services Tax (GST) from 12 per cent to 5 per cent is expected to improve affordability and drive wider adoption across markets.

The newly operational Ahmedabad manufacturing facility is expected to improve efficiency and profitability through backward integration. The company also plans to expand its domestic and international footprint in the coming years, it said.

Captain Polyplast has been actively expanding its operational capabilities and market reach. Key initiatives include improving manufacturing efficiency at its Ahmedabad plant and diversifying its income sources.

Looking ahead, CPL aims to boost commercial sales, with a focus on non-subsidy micro-irrigation products, PVC pipes and exports. Expanding the solar EPC division is also a central strategy for revenue diversification.

Shares of the company were down marginally at ₹80 at 12.30 pm on Monday.

Published on May 25, 2026