Financial Results Summary

Standalone Financial Performance (₹ in millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,514.23
  • Other income: ₹2.32
  • Total income: ₹1,516.55
  • Total expenses: ₹1,384.25
  • Profit before tax: ₹132.30
  • Tax expense: ₹33.67 (Current tax: ₹30.40, Deferred tax: ₹3.22, Adjustment of tax for earlier years: ₹0.05)
  • Profit after tax: ₹98.68
  • Total comprehensive income: ₹99.17
  • EPS (Basic and Diluted): ₹1.00

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹3,138.77
  • Other income: ₹4.93
  • Total income: ₹3,143.70
  • Total expenses: ₹2,835.84
  • Profit before tax: ₹307.86
  • Tax expense: ₹78.51 (Current tax: ₹75.32, Deferred tax: ₹3.14, Adjustment of tax for earlier years: ₹0.05)
  • Profit after tax: ₹229.35
  • Total comprehensive income: ₹228.78
  • EPS (Basic and Diluted): ₹2.38

Consolidated Financial Performance (₹ in millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,514.23
  • Other income: ₹2.29
  • Total income: ₹1,516.52
  • Total expenses: ₹1,384.22
  • Profit before tax: ₹132.30
  • Tax expense: ₹33.75 (Current tax: ₹30.40, Deferred tax: ₹3.35)
  • Profit after tax: ₹98.55
  • Total comprehensive income: ₹99.04
  • EPS (Basic and Diluted): ₹1.00

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹3,138.77
  • Other income: ₹4.87
  • Total income: ₹3,143.64
  • Total expenses: ₹2,835.78
  • Profit before tax: ₹307.86
  • Tax expense: ₹78.59 (Current tax: ₹75.32, Deferred tax: ₹3.27)
  • Profit after tax: ₹229.27
  • Total comprehensive income: ₹228.70
  • EPS (Basic and Diluted): ₹2.38

Comparative Performance

YoY Quarterly Comparison (Standalone):

  • Revenue increased 41.7% from ₹1,068.32M (Q2 FY26) to ₹1,514.23M (Q2 FY27)
  • PAT increased 95.0% from ₹50.60M (Q2 FY26) to ₹98.68M (Q2 FY27)
  • EPS increased from ₹0.53 to ₹1.00

QoQ Quarterly Comparison (Standalone):

  • Revenue decreased 6.8% from ₹1,624.54M (Q1 FY27) to ₹1,514.23M (Q2 FY27)
  • PAT decreased 24.5% from ₹130.67M (Q1 FY27) to ₹98.68M (Q2 FY27)
  • EPS decreased from ₹1.38 to ₹1.00

Capital Structure Changes

Paid-up Equity Share Capital:

  • Increased from ₹190M (face value ₹2 each) to ₹233M (face value ₹2 each)
  • This represents an increase of 43M shares, consistent with the IPO completion

IPO Completion Details

Initial Public Offer Completed:

  • Date of completion: September 17, 2026 (allotment date)
  • Total issue size: 2,91,86,045 equity shares of face value ₹2 each at issue price of ₹43 per share
  • Total issue amount: ₹1,255 million
  • Fresh issue: 2,15,11,627 equity shares aggregating ₹925 million
  • Offer for sale: 76,74,418 equity shares by selling shareholders aggregating ₹330 million
  • Listing date: September 21, 2026 on NSE and BSE

IPO Expenses:

  • Total expenditure: ₹107.78 million (net of amounts recovered from selling shareholders)
  • Expenses during current half year: ₹80.68 million
  • Charged to Securities Premium account

IPO Proceeds Utilization

Confirmation of No Deviation:

  • Audit Committee and Board confirmed no deviation or variation in utilization of IPO proceeds from objects stated in Prospectus
  • Monitoring agency: Brickwork Ratings India Private Limited

Utilization Details (₹ in crores):

  • Total fresh issue proceeds: ₹92.50
  • Issue expenses as per prospectus: ₹10.86
  • Net proceeds to be utilized: ₹81.64

Quarterly Utilization:

  • Funding capital expenditure towards plant and machinery: ₹8.06 crore utilized (original allocation ₹54.93 crore)
  • Repayment/prepayment of borrowings: ₹3.61 crore utilized (original allocation ₹15.00 crore)
  • General corporate purposes: ₹7.32 crore utilized (original allocation ₹11.71 crore)
  • Issue expenses: ₹7.21 crore utilized (original allocation ₹10.86 crore)

Board Meeting Details

Meeting Timing:

  • Commenced: 01:34 PM
  • Concluded: 01:50 PM
  • Date: November 04, 2026

Auditor Review

Review Reports:

  • CNK & Associates LLP issued unmodified review reports for both standalone and consolidated financial results
  • Review conducted pursuant to Regulation 33 of SEBI LODR Regulations
  • Financial results prepared in accordance with Ind AS 34

Entities Included in Consolidation:

  • Manika Plastech Limited (Holding Company)
  • Manika Automotive Private Limited (Wholly Owned Subsidiary)

Additional Information

Segment Information:

  • Company operations comprise only one segment: manufacturing of various kinds/types of Plastic Moulded Products

Financial Position (Standalone as at September 30, 2026):

  • Total assets: ₹3,997.79 million
  • Total equity: ₹2,484.20 million
  • Cash and cash equivalents: ₹451.87 million
  • Bank balance other than cash equivalents: ₹225.01 million

Cash Flow (Standalone Half Year Ended September 30, 2026):

  • Net cash from operating activities: ₹45.92 million
  • Net cash used in investing activities: ₹(150.42) million
  • Net cash from financing activities: ₹553.86 million
  • Net increase in cash and cash equivalents: ₹449.36 million