📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Amines & Plasticizers Receives IT Show Cause Notice for Rs 9.57 Crore Disallowance
Amines & Plasticizers Limited has received Show Cause Notices from the Income Tax Department regarding Assessment Years 2013-14, 2014-15, and 2015-16. The notices question the genuineness of commission payments made to selling agents, proposing a total expenditure disallowance of approximately Rs 9.57 crore. The company has contested these notices with legal advice and submitted documentary evidence to support its claims. While the company currently foresees no material financial impact, the final tax liability will depend on the outcome of the assessment proceedings.
Key Highlights
Received Show Cause Notices under Section 147 of the Income Tax Act for three assessment years (AY 2013-14 to AY 2015-16).
Total proposed disallowance of expenditure amounts to Rs 9,57,56,643 across the three-year period.
The dispute centers on the genuineness of commission paid to selling agents during the relevant financial years.
Company has officially contested the notices and submitted responses with supporting evidence on February 27, 2026.
Management states that based on preliminary assessment, they do not expect a material impact on operations or finances.
💼 Action for Investors
Investors should monitor the final assessment order from the Income Tax Department to see if these proposed disallowances result in actual tax demands and penalties. While the company is contesting the claim, a final adverse ruling could impact future profitability.
Amines & Plasticizers Q3FY26 PAT Drops 22% YoY to ₹7.58 Cr Amid Sequential Recovery
Amines & Plasticizers reported a 25% YoY decline in Q3FY26 revenue to ₹142.46 crore, while PAT fell 22% YoY to ₹7.58 crore. Despite the annual decline, the company saw a sequential recovery with PAT rising 23% QoQ as ethylene oxide supply resumed during the quarter. EBITDA margins also improved to 9.02% from 8.17% in the previous quarter. However, management cautioned that a scheduled maintenance shutdown by their raw material supplier in Q4FY26 might temporarily impact production levels.
Key Highlights
Q3FY26 Revenue stood at ₹142.46 Cr, down 25% YoY but up 7% QoQ.
Net Profit for the quarter was ₹7.58 Cr, a 22% YoY decline but a 23% QoQ increase.
EBITDA margins improved by 85 basis points sequentially to 9.02% in Q3FY26.
Gas Treating Chemicals & Speciality Solvents remained the largest revenue contributor at 45.52%.
Management warned of a temporary raw material supply constraint in Q4FY26 due to a supplier's maintenance shutdown.
💼 Action for Investors
The stock shows signs of sequential recovery, but the upcoming raw material supply constraint in Q4 warrants caution. Investors should monitor if the company can maintain its 9% EBITDA margins despite the expected production curtailment in the next quarter.
Amines & Plasticizers Q3 Standalone PAT Drops 17% YoY to ₹7.59 Cr; Revenue Down 25%
Amines & Plasticizers Limited (AMNPLST) reported a weak set of standalone results for Q3 FY26, with revenue from operations declining 24.9% YoY to ₹142.43 crore. Net profit for the quarter fell by 17.2% YoY to ₹7.59 crore, down from ₹9.17 crore in the same period last year. A notable positive was the 66% reduction in finance costs, which dropped to ₹0.87 crore. The company re-filed these results to correct a clerical error where standalone data was previously attached in place of consolidated results.
Key Highlights
Standalone Revenue from Operations fell 24.9% YoY to ₹142.43 crore in Q3 FY26.
Standalone Net Profit decreased to ₹7.59 crore for the quarter versus ₹9.17 crore in Q3 FY25.
Finance costs significantly reduced by 66% YoY to ₹87.28 lakhs from ₹257.12 lakhs.
Nine-month (9M FY26) Standalone PAT stood at ₹21.12 crore, down from ₹26.90 crore in 9M FY25.
Basic and Diluted EPS for the quarter declined to ₹1.38 from ₹1.67 YoY.
💼 Action for Investors
The significant decline in both top-line and bottom-line performance indicates operational challenges or softening demand in the chemical sector. Investors should exercise caution and wait for the consolidated numbers to assess the performance of the foreign subsidiary before taking new positions.
Amines & Plasticizers Q3 FY26 Standalone Net Profit at ₹7.59 Cr, Down 17% YoY but Up 25% QoQ
Amines & Plasticizers Limited reported a standalone revenue of ₹142.43 crore for Q3 FY26, marking a 24.9% decline compared to ₹189.66 crore in the same quarter last year. Net profit for the quarter stood at ₹7.59 crore, down 17.2% YoY, but showed a healthy sequential recovery of 25.4% from Q2 FY26. A significant positive is the reduction in finance costs, which fell by 66% YoY to ₹0.87 crore. The 9-month performance remains under pressure with total income down 15.5% compared to the previous year.
Key Highlights
Standalone Revenue from Operations decreased 24.9% YoY to ₹142.43 crore from ₹189.66 crore.
Net Profit increased 25.4% on a sequential basis (QoQ) to ₹7.59 crore from ₹6.05 crore in Q2 FY26.
Finance costs saw a sharp reduction to ₹87.28 lakhs from ₹257.12 lakhs in the year-ago period.
9-month FY26 Net Profit stands at ₹21.12 crore, a 21.5% decline from ₹26.90 crore in 9M FY25.
Basic EPS for the quarter improved to ₹1.38 from ₹1.10 in the previous quarter, though lower than ₹1.67 YoY.
💼 Action for Investors
While the YoY decline in revenue is concerning, the sequential growth in margins and significant reduction in interest costs suggest improving operational efficiency. Investors should watch for sustained top-line recovery in the final quarter of the fiscal year.