Manali Petrochemicals has announced its Q3FY26 financial results for the quarter ended December 31, 2025, showcasing exceptional profit growth driven by strong operational performance and significant exceptional items. The petrochemicals company demonstrated remarkable profitability improvements while maintaining solid revenue momentum during the quarter.

Outstanding Financial Performance

The company delivered exceptional results with consolidated net profit reaching ₹684 crores compared to ₹53 crores in the corresponding quarter of the previous year, representing an extraordinary growth of 1199.06%. This outstanding performance was supported by both operational improvements and substantial exceptional gains totaling ₹508 crores during the quarter.

Revenue Growth and Operational Metrics

Manali Petrochemicals reported strong revenue growth with consolidated revenue from operations reaching ₹2,470 crores versus ₹1,961 crores in the same quarter of the previous year, marking a growth of 25.96%. The company's profit before exceptional items and tax stood at ₹217 crores compared to ₹77 crores year-over-year, reflecting robust operational performance improvements.

Exceptional Items Impact

The quarter witnessed significant exceptional items totaling ₹508 crores, which substantially contributed to the overall profit performance. Key exceptional items included gains from divestment of subsidiary operations, insurance claim settlements, and asset optimization activities. The company received insurance claims of ₹816 lakhs towards stocks affected by Cyclone Michaung floods and recognized a gain of ₹522 crores from the divestment of Notedome Limited and its subsidiary Notedome Europe GmbH.

Standalone Performance

On a standalone basis, the company reported net profit of ₹46 crores for Q3FY26 compared to a loss of ₹28 crores in the corresponding quarter of the previous year. Standalone revenue from operations reached ₹1,951 crores versus ₹1,410 crores year-over-year, representing growth of 38.37%. The standalone performance reflects the core business strength of the petrochemicals operations.

Nine-Month Performance

For the nine months ended December 31, 2025, consolidated net profit reached ₹1,009 crores compared to ₹185 crores in the corresponding period of the previous year. Consolidated revenue for the nine-month period stood at ₹7,297 crores versus ₹6,668 crores year-over-year, indicating sustained business momentum throughout the financial year.

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Manali petrochemicals Limited has announced the reinstatement of its step-down subsidiary Penn Print Solutions Limited (PPSL), UK, following communication from its subsidiary Penn Globe Limited, UK. The reinstatement comes with specific limitations and is designed to facilitate the collection of outstanding corporation tax refunds.

Purpose and Scope of Reinstatement

The reinstatement of PPSL is strictly time-limited and serves a single, specific purpose. The subsidiary will be reactivated solely for receiving and distributing proceeds from corporation tax refunds that are due to the company. This limited scope ensures that the reinstatement does not expand into broader business operations.

Operational Restrictions and Timeline

Manali Petrochemicals has confirmed that PPSL will not undertake any other business activities or transactions beyond the specified tax refund collection. The company has committed to initiating necessary actions for voluntary strike-off with Companies House within stipulated timelines once the outstanding dues are received.

The reinstatement follows the company's earlier communication dated November 10, 2025, regarding the same matter. This structured approach ensures compliance with regulatory requirements while maintaining operational efficiency.

Financial Impact Assessment

The company has explicitly stated that there are no financial or material implications arising from this reinstatement. This confirmation provides clarity to stakeholders regarding the limited nature of the subsidiary's reactivation and its neutral impact on the parent company's financial position.

Regulatory Communication

The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited on January 12, 2026. The communication was signed by G Sri Vignesh, Company Secretary, ensuring proper corporate governance protocols were followed in disclosing this development to the stock exchanges.

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