Manika Plastech Limited has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) compared to the objects stated in the prospectus. The Board Meeting, held on November 4, 2026, approved these results and related statements.
Manika Plastech Announces Q2 FY27 Financials and IPO Utilization Update
Manika Plastech Limited has officially disclosed its unaudited financial results for the second quarter and the first half of the fiscal year ending September 30, 2026. These results, both standalone and consolidated, were reviewed and approved by the company’s Board of Directors during a meeting held on November 4, 2026.
Key Financial Highlights
For the quarter ended September 30, 2026, the company reported Profit Before Tax of ₹307.86 million on a standalone basis and ₹307.86 million on a consolidated basis. The total comprehensive income for the period stood at ₹99.04 million on a consolidated basis. Earnings Per Share (Basic and Diluted) were ₹1.00 for the quarter.
IPO Fund Utilization Confirmed
A significant aspect of the announcement is the confirmation of the utilization of funds raised through the company’s Initial Public Offer (IPO). In accordance with Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Manika Plastech confirmed that there has been no deviation or variation in the utilization of proceeds from the objects stated in the prospectus. The Audit Committee and the Board of Directors have reviewed and noted the statement of utilization of issue proceeds, confirming adherence to the IPO objectives for the quarter ended September 30, 2026.
Statement of Deviation/Variation
The accompanying Annexure B details the Statement of Deviation/Variation in the utilization of IPO proceeds. For the quarter ended September 30, 2026, the company reported that no deviation or variation occurred. The original objects for which funds were raised included funding capital expenditure towards purchase of plant and machinery, repayment and/or pre-payment of certain borrowings, and general corporate purposes. The utilization figures provided indicate adherence to the planned allocation.
Operational and Balance Sheet Information
The financial statements also provide a detailed breakdown of assets and liabilities as of September 30, 2026. The company’s total assets stood at ₹3,997.79 million on a standalone basis and ₹3,997.95 million on a consolidated basis. Total equity and liabilities were also reported, reflecting the company’s financial position.
The cash flow statement for the half year ended September 30, 2026, shows net cash generated from operating activities amounting to ₹45.92 million on a standalone basis and ₹45.75 million on a consolidated basis. The company also reported net cash generated from financing activities of ₹553.86 million (standalone) and ₹554.06 million (consolidated).
The financial results are available on the company’s website, https://www.manikaplastech.com, and have been submitted to the Stock Exchanges.
Source: BSE
