Acutaas Chemicals has reported robust financial performance for the third quarter, demonstrating strong operational execution and improved profitability. The company's latest quarterly results highlight significant growth in key financial metrics compared to the corresponding period in the previous year.

Financial Performance Overview

The company's net profit showed remarkable improvement during the third quarter, reflecting enhanced operational efficiency and business performance. The substantial increase in profitability indicates positive momentum in the company's core business operations.

Business Performance Analysis

The significant improvement in net profit demonstrates Acutaas Chemicals' ability to generate enhanced returns during the quarter. The year-over-year comparison reveals the company's strengthened financial position and operational capabilities. This performance metric indicates positive business momentum and effective management execution.

The substantial increase from ₹453 million to ₹1.1 billion in net profit showcases the company's growth trajectory and improved profitability margins. Such financial performance reflects the company's strategic initiatives and operational improvements implemented during the reporting period.

Key Financial Highlights

The third quarter results present several notable aspects of the company's financial performance:

• Net profit reached ₹1.1 billion for the quarter
• Previous year's corresponding quarter recorded ₹453 million in net profit
• Year-over-year comparison shows substantial improvement
• Financial metrics indicate strong operational performance

These results position Acutaas Chemicals favorably in terms of quarterly financial performance and demonstrate the company's ability to deliver improved profitability outcomes.

Acutaas chemicals Limited has received significant relief in a pending GST matter, with the appeals authority dropping a demand of Rs. 15.44 lakhs along with associated interest and penalty. The company informed BSE about this favorable development through a regulatory filing on January 27, 2026.

GST Demand Resolution Details

The Additional Commissioner, Central GST & Central Excise, Appeals Commissionerate, Surat, issued an order dated January 20, 2026, dropping the entire demand that was previously raised against the company. The original demand pertained to alleged ineligible Input Tax Credit (ITC) claims.

Background and Timeline

The company had previously received an order under section 74(9) of the Central Goods and Service Tax Act, 2017, from the Office of the Superintendent, Central Goods and Service Tax, Surat, which was communicated to the exchange on February 4, 2025. The matter involved claims for certain alleged ineligible Input Tax Credit.

Financial Impact Assessment

According to the company's disclosure, there is no impact on financial, operational, or other activities of the listed entity following this favorable order. The resolution of this matter eliminates the potential financial liability that was hanging over the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary & Compliance Officer Ekta Kumari Srivastava signed the regulatory filing, ensuring proper compliance with listing obligations.

Conclusion

This development represents a positive outcome for Acutaas Chemicals Limited, as the company successfully contested the GST demand through the appeals process. The dropping of the Rs. 15.44 lakhs demand along with interest and penalty removes a potential financial burden and regulatory overhang from the company's operations.