Beta
Today
Capital & Financial MarketsPortfolio & Strategy 5 Nov 2026

TCPL Packaging to enter EV battery separator film market

TCPL Packaging is setting up a subsidiary, TCPL Energy Materials Limited, to manufacture lithium-ion battery separator films for the electric vehicle sector, alongside its core packaging business. The move was disclosed with second-quarter FY27 results published on 5 November 2026, in which net profit rose 58% to USD 4.82m (INR 453m) and revenue rose 20% to USD 60.1m (INR 5,646m). The report gave no investment amount or timetable for the venture.

Why this mattersA packaging converter moving into battery separator films shows packaging groups looking for growth in adjacent materials markets outside packaging.

  • TCPL Packaging will form a subsidiary, TCPL Energy Materials Limited, to make lithium-ion battery separator films for the EV sector
  • Q2 FY27 net profit rose 58% year on year to USD 4.82m (INR 453m)
  • Q2 FY27 revenue rose 20% to USD 60.1m (INR 5,646m)
  • EBITDA rose 27.5% to USD 10.66m (INR 1,001m), exceeding USD 10.65m (INR 1,000m) for the first time
  • Operating margin rose 101 basis points to 17.7%
  • Cash profit rose 44.2% to USD 9.04m (INR 849m)
TCPL Packaging
Sources whalesbook.com MR
Relevant to you?

Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-08 · Edited before publication: The 'early stage' caveat was the article's analysis, not a company statement. 'Hedging margin pressure' was unsupported, as margins rose. USD placed first.
  • 2026-11-08 · Edited before publication: Key fact cited the INR 1,000m threshold without a USD conversion; added it. Other conversions checked and correct.