Amines & Plasticizers Reports Decline in Q2 Financial Performance

Amines & Plasticizers Limited , a leading chemical manufacturing company, has reported a decline in its financial performance for the second quarter of the fiscal year 2025-26. The company's unaudited standalone financial results, approved by the Board of Directors on November 13, 2025, reveal a decrease in both revenue and profitability compared to the same period last year.

Key Financial Highlights

Particulars (in lakhs)	Q2 FY2025-26	Q2 FY2024-25	% Change
Revenue from Operations	13,289.02	16,515.58	-19.54%
Net Profit	605.31	936.08	-35.34%
EBITDA	1,075.50	1,632.01	-34.10%
EBITDA Margin	8.09%	9.88%	-179 bps

The company's revenue from operations decreased by 19.54% to ₹13,289.02 lakhs in Q2 FY2025-26, compared to ₹16,515.58 lakhs in the same quarter of the previous fiscal year. This decline in revenue may be attributed to challenging market conditions and reduced demand for the company's products.

Net profit for the quarter stood at ₹605.31 lakhs, marking a significant decrease of 35.34% from ₹936.08 lakhs reported in Q2 FY2024-25. This decline in profitability could be a result of lower sales volume and increased operational costs.

The company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) also saw a decline of 34.10%, dropping to ₹1,075.50 lakhs from ₹1,632.01 lakhs in the corresponding quarter of the previous year. Consequently, the EBITDA margin compressed by 179 basis points, from 9.88% to 8.09%.

Other Financial Metrics

The company's total expenses for Q2 FY2025-26 amounted to ₹12,487.57 lakhs, compared to ₹15,272.31 lakhs in Q2 FY2024-25.
Basic and Diluted Earnings Per Share (EPS) for the quarter stood at ₹1.10, down from ₹1.70 in the same period last year.
The company's balance sheet as of September 30, 2025, shows total assets of ₹37,084.93 lakhs, with a total equity of ₹26,529.19 lakhs.

Conclusion

The Q2 FY2025-26 results for Amines & Plasticizers Limited reflect a period of financial pressure, with declines across key metrics including revenue, profitability, and margins. As the chemical manufacturing sector faces various market dynamics, investors and stakeholders will be keen to observe how the company navigates these challenges in the coming quarters.

Investors are advised to keep a close watch on the company's future announcements and industry trends that may impact its performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.42%	+0.95%	-7.58%	-10.78%	-24.29%	+24.10%

Amines & Plasticizers Limited , a key player in the chemical industry, has received a vote of confidence from ICRA Ltd, one of India's leading credit rating agencies. The company announced that ICRA has taken rating actions on its bank facilities totaling Rs. 179.75 crore, reaffirming and assigning strong ratings across various categories.

Rating Details

ICRA's rating actions for Amines & Plasticizers Limited's bank facilities are as follows:

Facility Type	Amount (Rs. Crore)	Rating	Action
Long-term Fund-based Working Capital	100.00	[ICRA]A (Stable)	Reaffirmed
Long-term Interchangeable	42.00	[ICRA]A (Stable)	Reaffirmed
Short-term Non-fund Based	29.75	[ICRA]A1	Reaffirmed and Assigned for enhanced limits
Short-term Fund-based (Others)	50.00	[ICRA]A1	Newly Assigned

Key Highlights

Working Capital Strength: The reaffirmation of [ICRA]A (Stable) rating for the company's Rs. 100.00 crore long-term fund-based working capital facilities indicates a strong financial position and ability to meet working capital needs.
Flexible Financing: The long-term interchangeable facilities of Rs. 42.00 crore also received a reaffirmed [ICRA]A (Stable) rating, suggesting financial flexibility for the company.
Enhanced Short-term Facilities: ICRA reaffirmed and assigned the [ICRA]A1 rating for the company's short-term non-fund-based facilities, which were enhanced to Rs. 29.75 crore.
New Credit Facility: A new short-term fund-based facility of Rs. 50.00 crore received an [ICRA]A1 rating, indicating a very strong degree of safety regarding timely payment of financial obligations.

Implications

The strong ratings across various categories of bank facilities reflect ICRA's confidence in Amines & Plasticizers Limited's financial stability and operational capabilities. The [ICRA]A rating for long-term facilities indicates adequate safety and low credit risk, while the [ICRA]A1 rating for short-term facilities suggests very strong capacity for timely payment of short-term debt obligations.

These ratings may potentially benefit the company by:

Enhancing credibility with lenders and stakeholders
Possibly leading to more favorable borrowing terms
Supporting the company's growth and expansion plans

As Amines & Plasticizers Limited continues to navigate the dynamic chemical industry landscape, these strong credit ratings provide a solid foundation for its financial operations and future endeavors.