POCL Enterprises Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 13, 2026, demonstrating strong operational performance across all business segments.

Financial Performance Overview

The company delivered robust financial results for Q3FY26, showing significant growth across key metrics:

For the nine months ended December 31, 2025, the company achieved revenue from operations of ₹1,09,939.93 lakhs compared to ₹1,07,773.46 lakhs in the previous year, representing a growth of 2.01%. Net profit for the nine-month period stood at ₹2,990.76 lakhs, marking an increase of 39.00% from ₹2,151.61 lakhs in the corresponding period.

Segment-wise Business Performance

POCL Enterprises operates across three primary business segments, each contributing to the overall growth:

The Metallic Oxides and Plastic Additives segments showed particularly strong performance, with growth rates of 29.67% and 49.48% respectively, offsetting the slight decline in the Metal segment.

Regulatory Compliance and Fund Utilization

The board meeting also addressed the company's compliance with fund utilization from its preferential issue. POCL Enterprises confirmed no deviation or variation in the utilization of funds raised through the preferential issue of equity shares and convertible warrants completed on June 18, 2025.

The Audit Committee reviewed and confirmed that there was no deviation in fund utilization from the stated objectives, which include organic and inorganic growth opportunities, working capital requirements, capital expenditure, and general corporate purposes.

Exceptional Items and Tax Impact

The company reported exceptional items of ₹26.46 lakhs during the quarter, primarily related to the statutory impact of new Labour Codes implemented by the Government of India. This impact includes an increase in gratuity provision of ₹22.81 lakhs and compensated absences of ₹3.65 lakhs due to revised wage definitions.

Total tax expenses for the quarter amounted to ₹331.55 lakhs, including current tax of ₹310.86 lakhs and deferred tax charge of ₹3.57 lakhs. The company maintains a healthy tax management approach while ensuring full compliance with regulatory requirements.

POCL Enterprises Limited (POCL) has recently issued a clarification regarding its credit rating status, following Brickwork Ratings' (BWR) classification of the company as non-cooperative. The company has emphasized that all its bank facilities have been exclusively rated by CARE Ratings Limited since 2023.

Key Points:

1. Discontinuation with Brickwork Ratings:

   • POCL discontinued its association with BWR in 2022.
   • Reason: SEBI license suspension issues affecting BWR.
   • POCL has requested withdrawal of BWR's credit rating assignments.

2. Current Rating Status:

   • All bank facilities are now rated by CARE Ratings Limited.
   • Current rating: CARE BBB+ Stable.

3. Financial Performance: To provide context to the company's financial standing, here's a snapshot of POCL's balance sheet data:

   Financial Metric	Current Year	1 Year Ago	3 Years Ago	5 Years Ago
   Total Assets	₹225.60	₹198.80	₹162.70	₹130.80
   Total Equity	₹97.90	₹68.10	₹51.50	₹35.20
   Current Assets	₹177.20	₹162.30	₹130.90	₹97.70
   Current Liabilities	₹115.70	₹119.80	₹97.10	₹81.10

   The company has shown consistent growth in total assets and equity over the past five years, indicating improved financial stability.

Analysis:

1. Credit Rating Transition: The shift from BWR to CARE Ratings demonstrates POCL's commitment to maintaining transparency and credibility in its financial reporting. This move aligns with regulatory compliance and investor expectations.

2. Financial Health:

   • The company's total assets have grown by 72.48% over the past five years, from ₹130.80 crore to ₹225.60 crore.
   • Total equity has seen a significant increase of 178.12% in the same period, rising from ₹35.20 crore to ₹97.90 crore.
   • Current assets have also shown strong growth, increasing by 81.37% over five years.

3. Liquidity Position: The current ratio (Current Assets / Current Liabilities) stands at approximately 1.53, indicating a healthy short-term liquidity position.

Implications for Investors:

1. Transparency: POCL's proactive clarification about its credit rating status demonstrates a commitment to transparency, which is generally viewed positively by investors.

2. Financial Stability: The consistent growth in assets and equity over the past five years suggests improving financial stability, which could be reassuring for stakeholders.

3. Credit Profile: Maintaining a CARE BBB+ Stable rating indicates moderate degree of safety regarding timely servicing of financial obligations and moderate credit risk.

Investors and stakeholders should continue to monitor POCL's financial performance and future credit rating updates from CARE Ratings to make informed decisions.