The Board of Directors of Manali Petrochemicals Limited, at their meeting held on May 21, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the Board recommended a dividend of Rs. 0.50 per equity share of Rs. 5/- each, subject to approval by the members at the upcoming Annual General Meeting. Regarding the financial performance, the company reported a consolidated net profit of Rs. 29 crore for the final quarter of FY26, representing a 168.5% year-on-year surge, supported by a 30.4% expansion in revenue to Rs. 300 crore.

Manali Petrochemicals Limited (MPL), incorporated in 1986 and based in Chennai, is India’s sole integrated manufacturer of Propylene Oxide (PO), Propylene Glycol (PG), and Polyols (PY), which are essential industrial raw materials. The company is recognized as the first and largest Indian manufacturer of Propylene Oxide.

In 2025, the company engaged in strategic restructuring, notably completing the sale of its wholly owned step-down subsidiary, Notedome Limited, to C.O.I.M. S.p.A. in November 2025 for approximately Rs. 247 crore to sharpen its focus on core businesses in the Indian market. The company also signed a non-binding Memorandum of Understanding (MoU) with Chennai Petroleum Corporation Limited (CPCL) in July 2025 for strategic collaboration in the petrochemical sector. Additionally, in April 2026, the company received an Industrial Tribunal award regarding a wage dispute from previous fiscal years, which it is currently evaluating.

Regarding shareholding, as of December 30, 2025, SIDD Life Sciences Private Limited held a significant 38.28% stake, while the Tamil Nadu Industrial Development Corporation Limited held 6.52%.