Q3 results weak; Board approves dismantling of 300 TPD Methanol Plant

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Price reactionminutes from the announcement price · days from the prior close

-7.2%Reaction day

₹1175.00

prior close

₹1118.50

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%-7.2% vs market

Commodity Chemicals peers, median of 51sector-0.4%-6.8% vs sector

On the reaction day the stock moved 7.2 pts less than Nifty Smallcap 250 and 6.8 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Commodity Chemicals peers, median of 51Pending

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AI summary

Q3 FY26 standalone revenue fell 22.7 percent YoY to Rs 401 crore, PAT dropped 84 percent to Rs 10.8 crore. Consolidated revenue rose 9.8 percent to Rs 2,830 crore but PAT fell 44 percent to Rs 141 crore. Nine month PAT declined 38 percent standalone and 10 percent consolidated. Board also approved permanent closure of 300 TPD Methanol Plant, idle since August 2021, to free up land for new brownfield projects.

Likely market impact

Sharp Q3 earnings decline, especially standalone. Methanol plant already non-operational, so closure impact minimal; land may support future growth.