AMINES & PLASTICIZERS LTD. Q4 FY25 Results

Q4FY25 was a stable quarter for Amines & Plasticizers Limited. While we observed a modest year-on- year decline in revenues, this was primarily due to lower product realisations and the early fulfilment of a order initially scheduled for the fourth quarter, which was delivered ahead of time in Q3FY25. Encouragingly, our profitability improved this quarter, largely driven by a reduction in the cost of our principal raw material, Ethylene Oxide — a key crude derivative. Although this also led to a corresponding drop in final product realisations, we effectively captured the spread. From an operational perspective, we remain focused on continuous improvement and innovation. We have initiated minor debottlenecking projects aimed at enhancing operational efficiency and optimising plant performance. Additionally, we have invested in our own fleet of Ethylene Oxide tanks, further strengthening the safety and reliability of our raw material logistics. On the product development front, we are making significant strides. We have tied up with a leading Japanese multinational corporation for the manufacturing of new carbon capture solvents — an initiative that will enable us to move up the value chain. Our R&D efforts are also progressing on expanding our offerings in epoxylates and propoxylates, which we believe will open new avenues for growth. Sustainability remains at the core of our strategy. This quarter, we completed a comprehensive carbon footprint assessment for all our product offerings and are actively working to minimise our environmental impact, reinforcing our commitment to our sustainability goals. While the prevailing geopolitical uncertainty has contributed to a more subdued demand environment in international markets, we have secured firm orders for the domestic market for the year ahead. With capacity utilisation currently at 75-80%, we have ample headroom for incremental growth and are well- positioned to capitalise on future opportunities. With robust capacity in place, a strong pipeline of innovative products, and a relentless focus on operational excellence and sustainability, we remain confident in our ability to deliver sustained value for all stakeholders in the years to come.