Manali Petrochem Q1 FY27 Results (NSE: MANALIPETC)
Signal: Margins at cyclical peak
The read
The key inflection is profitability: consolidated EBITDA reached ₹96.57 crore, up 213.0% YoY, and EBITDA margin was 35.2%, while PAT rose 348.8% to ₹64.36 crore; the improvement was attributed to realisations, product-portfolio management, sourcing and cost discipline, but the durability of this margin level remains dependent on volatile raw-material costs and demand.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹274.72 Cr | 17.1% | N/A |
| EBIT | ₹87.59 Cr | 278.7% | |
| Net profit | ₹64.36 Cr | 348.8% | |
| EPS | ₹3.74 | 350.6% | |
| EBIT margin | 35.2% |
P&L walk
Consolidated revenue rose to ₹274.72 crore, +17.1% YoY, while EBITDA reached ₹96.57 crore, +213.0%, and EBITDA margin was 35.2%; EBIT rose 278.7% to ₹87.59 crore and PAT rose 348.8% to ₹64.36 crore, supported by improved realisations, product-portfolio management and cost discipline.
Segments
The standalone parent generated ₹55.52 crore of the ₹64.36 crore consolidated PAT, while management said the overseas subsidiary provided additional support; consolidated revenue of ₹274.72 crore was 19.9% above standalone revenue of ₹229.18 crore.
Key positives
- Consolidated EBITDA was ₹96.57 crore, +213.0% YoY, with a 35.2% margin; management specifically cited operational efficiency and cost management.
- Revenue reached ₹274.72 crore, +17.1% YoY, and management attributed the growth to improved realisations and effective product-portfolio management.
- Standalone revenue grew faster than consolidated revenue at ₹229.18 crore, +40.4% YoY, while standalone EBITDA rose 536.4% to ₹82.92 crore.
- PAT of ₹64.36 crore and EPS of ₹3.74 grew broadly in line at +348.8% and +350.6% YoY respectively, supporting a clean PAT-to-EPS check.
- Management is targeting a move up the value chain toward differentiated, higher-value and sustainable products and solutions.
Key concerns
- Management continues to monitor volatility in raw-material costs, demand trends and global trade flows, leaving the sustainability of the 35.2% consolidated EBITDA margin unproven.
- Consolidated revenue growth of 17.1% YoY was materially below the 213.0% EBITDA growth, making the earnings trajectory highly margin-dependent.
Research and educational content only. Not investment advice.