Manas Polymers and Energies H1 revenue reaches ₹43.38 crore

Manas Polymers and Energies Limited reported revenue from operations of ₹43.38 crore for the half year ended September 30, 2026, compared with ₹21.50 crore in the half year ended September 30, 2025. The board approved the unaudited standalone financial results on November 12, 2026, with the company continuing to operate in polymer and power segments.

What did Manas Polymers report for the half year ended September 2026?

Manas Polymers reported ₹43.38 crore in revenue from operations for the six months ended September 30, 2026. Total income for the period was ₹43.93 crore, based on the unaudited standalone statement approved by the board.

The revenue figure was higher than ₹21.50 crore reported for the half year ended September 30, 2025. It was also above revenue from operations of ₹30.50 crore recorded in the half year ended March 31, 2026, although the two periods are separately reported half-year periods and should be read in that context.

The company’s filing identifies polymer and power as its two operating segments. The supplied disclosure does not provide a segment-wise revenue split for the September 2026 half year, so the contribution of each business to the reported revenue cannot be separately assessed from the available results.

How were the September 2026 results approved?

Manas Polymers’ board considered and approved the unaudited standalone financial results for the half year ended September 30, 2026, at its meeting on November 12, 2026. The company had earlier informed the exchange on October 30, 2026 that the board would consider the half-yearly results.

The results were reviewed by the Audit Committee before board approval, according to the disclosure. The company also stated that its statutory auditors carried out the review required under Regulation 33 of the SEBI Listing Regulations and that there was no qualification in the report issued for the results.

The filing refers to a limited review report in respect of the unaudited standalone results. This matters because the September statement is not an audited annual result, while the March 2026 financial-year figures were approved as audited standalone results.

How does the latest revenue compare with previous periods?

Manas Polymers’ September 2026 half-year revenue of ₹43.38 crore was ₹21.88 crore higher than the ₹21.50 crore recorded in the corresponding half year of 2025. The latest reported revenue was also ₹12.88 crore above the ₹30.50 crore shown for the half year ended March 2026.

The earlier half-year data show operating profit of ₹6.81 crore for September 2025 and ₹5.96 crore for March 2026. Their operating profit margins were 31.67% and 18.92%, respectively. The September 2026 filing excerpt supplied here does not clearly state operating profit, net profit, expenses, interest, depreciation, or earnings per share for the latest half year.

Investors should therefore distinguish between the reported revenue progression and metrics that have not been clearly disclosed in the available September 2026 extract. A revenue comparison alone does not establish the direction of margins or net earnings for the latest period.

What does the FY26 financial background show?

Manas Polymers reported FY26 revenue from operations of ₹53.00 crore, up from ₹31.54 crore in FY25. Net profit for the year ended March 31, 2026 was ₹8.52 crore, compared with ₹4.06 crore in the previous year, while total income stood at ₹54.88 crore.

FY26 total expenses were ₹43.93 crore, against ₹27.57 crore in FY25. Finance costs were ₹0.90 crore and depreciation and amortisation expense was ₹2.80 crore. Profit before tax and exceptional items was ₹10.95 crore, while tax expense was ₹2.44 crore.

The FY26 audited results received an unmodified opinion from SSRV & Associates, Chartered Accountants. The company’s Chief Financial Officer also declared that the auditors’ report on the FY26 standalone audited financial results was unmodified.

What are the implications for investors and operations?

The September 2026 revenue disclosure places the company’s reported half-year operations above the revenue reported in each of the two immediately preceding half-year periods provided in the results summary. For investors, the next detailed financial disclosures will be relevant for evaluating whether operating costs, finance costs and profitability have moved alongside revenue.

The company has stated that it operates in polymer and power. Its FY26 annual performance attributed revenue growth to these segments, but the latest filing does not quantify their separate contributions. That leaves segment mix, segment profitability and the role of any capacity additions unresolved in the current half-year disclosure.

Manas Polymers had raised ₹23.52 crore through its initial public offer, which was open from September 26, 2025 to September 30, 2025. The company said the funds were fully used for issue expenses, solar capital expenditure, polymer capital expenditure and general corporate purposes, with no deviation or variation from the stated allocation.

Conclusion

Manas Polymers’ board approval of the September 2026 unaudited results confirms half-year revenue from operations of ₹43.38 crore and total income of ₹43.93 crore. The revenue was higher than the comparable September 2025 period, while the company’s FY26 record shows revenue of ₹53.00 crore and net profit of ₹8.52 crore.

The next point to watch is the company’s subsequent financial disclosure for details on profit, margins, costs and the separate performance of the polymer and power businesses. Investors may also monitor updates on the operational use and financial contribution of the solar and polymer capital expenditure funded through the ₹23.52 crore IPO proceeds.