Pearl Polymers Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company, which operates in the PET bottles, jars, and containers business under the "Pearl Pet" brand, reported mixed performance with reduced losses despite declining revenues.

Q3FY26 Financial Performance

The company's third quarter performance showed improvement in loss reduction while facing revenue challenges. Pearl Polymers reported a net loss of ₹164.26 lakhs for Q3FY26, which represents a significant 25.90% improvement compared to the net loss of ₹221.69 lakhs recorded in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Pearl Polymers demonstrated marginal improvement in its financial position. The company reported a net loss of ₹68.67 lakhs compared to ₹69.27 lakhs in the corresponding period of the previous year.

Operational Metrics and Cost Structure

The company's expense management showed positive trends during the quarter. Total expenses decreased to ₹629.38 lakhs in Q3FY26 from ₹743.07 lakhs in Q3FY25, representing a 15.29% reduction. Key expense components included:

• Purchase of stock in trade: ₹252.88 lakhs
• Employee benefit expenses: ₹131.00 lakhs
• Other expenditure: ₹211.94 lakhs
• Finance costs remained low at ₹1.33 lakhs

Corporate Governance and Compliance

The financial results were reviewed by the company's Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 12, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind-AS) and received a limited review from statutory auditors M/s Goel Goyal & Co., Chartered Accountants.

Business Outlook

Pearl Polymers maintains its focus on the PET packaging segment, operating as a single reportable business segment. The company's paid-up equity share capital remained stable at ₹1,682.68 lakhs throughout the reporting periods. With improved cost management and reduced losses, the company continues its efforts toward operational efficiency in the competitive packaging industry.

Pearl Polymers Limited , a manufacturer of PET bottles, jars, and containers, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows a mixed picture with revenue growth but a decline in profitability compared to the previous quarter.

Revenue and Profit Analysis

For Q2 FY2026, Pearl Polymers reported:

The company's revenue from operations in Q2 FY2026 increased by 9.03% compared to Q1 FY2026 and by 9.55% year-over-year. However, net profit for the quarter decreased significantly to ₹8.55 lakhs from ₹57.00 lakhs in the previous quarter, marking an 85.00% decline.

Half-Year Performance

For the half-year ended September 30, 2025:

• Total revenue stood at ₹1,352.16 lakhs, compared to ₹1,523.45 lakhs in H1 FY2025.
• Net profit was ₹95.65 lakhs, down from ₹152.42 lakhs in the same period last year.
• The company reported a positive turnaround from a loss of ₹527.13 lakhs in the previous year to a profit of ₹95.65 lakhs.

Balance Sheet Highlights

As of September 30, 2025:

• Total assets stood at ₹4,046.95 lakhs, slightly lower than ₹4,085.21 lakhs as of March 31, 2025.
• The company's equity (including share capital and other equity) increased to ₹3,415.61 lakhs from ₹3,320.04 lakhs.
• Cash and cash equivalents decreased to ₹66.15 lakhs from ₹110.69 lakhs at the beginning of the financial year.

Cash Flow and Investments

The cash flow statement reveals:

• Net cash used in operating activities was ₹347.99 lakhs.
• Investing activities generated a net cash inflow of ₹305.01 lakhs, primarily from the sale of investments.
• The company's investments increased to ₹2,718.47 lakhs from ₹2,652.01 lakhs, indicating a focus on financial asset management.

Management Commentary

The Board of Directors approved these results at their meeting held on November 13, 2025. The company continues to operate in a single reportable segment, focusing on trading bottles, jars, and containers under the "Pearl Pet" brand.

Outlook

While Pearl Polymers has shown revenue growth, the significant decrease in quarterly profit may raise concerns. The company's increased investment portfolio and positive half-yearly results compared to the previous year's loss suggest efforts to improve financial performance. However, the decrease in cash and cash equivalents might indicate challenges in working capital management.

Investors and stakeholders may want to monitor the company's ability to convert revenue growth into sustained profitability in the coming quarters.