Manali Petrochemicals Limited has received reaffirmation of its credit ratings from CARE Ratings Limited across all bank facilities totaling Rs. 125.00 crore. The rating agency communicated this decision on 26th February 2026, maintaining the company's existing credit profile.

Credit Rating Details

CARE Ratings reaffirmed the ratings across three categories of bank facilities, demonstrating confidence in the company's financial stability:

The reaffirmation covers the company's entire banking facility portfolio, with long-term facilities representing the largest component at Rs. 75.00 crore.

Rating Significance

The CARE A+ rating with stable outlook for long-term facilities indicates high degree of safety regarding timely servicing of financial obligations. The rating reflects adequate credit quality with low credit risk. For short-term facilities, the CARE A1+ rating signifies instruments with very strong degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

Manali Petrochemicals disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated the rating reaffirmation to both BSE Limited and National Stock Exchange of India Limited on the same day.

The rating reaffirmation provides stability to the company's borrowing profile and maintains its access to banking facilities at existing terms. This development supports the company's ongoing operations and financial planning initiatives.

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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