Manali Petrochemicals has announced its Q3 financial results, showcasing exceptional profit growth alongside mixed operational performance metrics. The petrochemicals company demonstrated remarkable profitability improvements while experiencing margin compression during the quarter. The company also disclosed an exceptional item of 508 million rupees during the quarter.

Financial Performance Overview

The company's Q3 results present a contrasting picture of strong bottom-line growth coupled with operational efficiency challenges. The financial metrics reflect both positive momentum in core profitability and areas requiring management attention, with significant exceptional items contributing to overall performance.

Exceptional Profit Growth and Items

The standout performance metric for Q3 was the extraordinary surge in consolidated net profit, which reached 684 million rupees compared to 53 million rupees in the corresponding quarter of the previous year. This represents a remarkable year-over-year growth of 1190.57%, indicating significant enhancement in the company's profit-generating capabilities. The company reported an exceptional item of 508 million rupees during the quarter, which contributed substantially to the overall profit performance.

Profit Before Tax Performance

Manali Petrochemicals demonstrated strong operational profitability with profit before tax (PBT) reaching 217 million rupees compared to 77 million rupees in the same quarter of the previous year. This represents a significant year-over-year growth of 181.82%, reflecting improved core business performance before considering the impact of exceptional items.

Revenue and EBITDA Performance

Manali Petrochemicals reported solid revenue growth of 27.55%, with quarterly revenue reaching 2.5 billion rupees versus 1.96 billion rupees in the previous year. The company's EBITDA also showed positive momentum, increasing to 140 million rupees from 127 million rupees year-over-year, representing a growth of 10.24%.

Margin Analysis

Despite the positive EBITDA growth in absolute terms, the company experienced margin compression during the quarter. EBITDA margin declined to 5.66% from 6.46% in the same quarter of the previous year, indicating pressure on operational efficiency. This margin contraction suggests that while the business expanded, it faced challenges in maintaining proportional profitability at the operational level.

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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