By: ICN Bureau
Last updated : February 15, 2026 10:22 am
Macroeconomic uncertainty and global volatility persisted, influencing business sentiment across end user industries
Amines & Plasticizers Limited reported a weak Q3 FY26 (quarter ended December 2025), with consolidated revenue falling 25.33% YoY to Rs. 142.46 crore as compared to Rs. 190.79 crore in Q3 FY25. The company’s net profit dropped 22.30% YoY to Rs. 7.58 crore from 9.76 crore, driven by persistent demand weakness and input constraints. EBITDA in Q3 FY26 also dropped by 25% YoY to Rs. 12.85 crore.
For the 9 months period ended December 31, 2025, Amines & Plasticizers’s revenue dropped by 16% to Rs. 415.89 crore, EBITDA by 25% to Rs. 36.79 crore and PAT by 25% to Rs. 21.18 crore.
During Q3 FY26, Gas Treating Chemicals & Speciality Solvents contributed 45.52% to revenue. Alkanolamines and Alkyl Alkanolamines contributed 32.44% and Morpholine & Derivatives – 10.89%.
Commenting on the results, Hemant Ruia, Chairman and Managing Director, said: “In continuation of the operating conditions witnessed in the previous quarter, Amines and Plasticizers Limited delivered a measured performance in Q3FY26. Macroeconomic uncertainty and global volatility persisted, influencing business sentiment across end user industries. The overall environment remained largely consistent with Q2FY26.
As earlier indicated, supply of ethylene oxide resumed during the quarter, enabling the Company to restore production levels in line with operational plans. This supported sequential improvement in sales and profitability compared to the previous quarter. The order book remained healthy, reflecting stable customer engagement across key segments.
As communicated earlier, the ethylene oxide supplier is scheduled to undertake a maintenance shutdown in the current quarter, which is expected to temporarily curtail raw material availability. The Company is proactively aligning production planning and product mix to manage this phase efficiently and safeguard operating performance.
Operational focus continues on improving volumes, enhancing realisations, and sustaining profitability through calibrated product mix optimisation. New product development initiatives remain on track, with continued efforts to strengthen the portfolio and deepen customer relationships. The Company remains committed to disciplined execution and is positioning itself to capitalise on opportunities as operating conditions gradually stabilise.”