12-Oct-2026 21:48:45
PANAMAPET : CARE REVISES OUTLOOK TO POSITIVE ON LONG-TERM BANK FACILITIES
• CARE Ratings reaffirms long-term bank facilities at CARE A+; outlook revised from Stable to Positive • Short-term bank facilities reaffirmed at CARE A1+ • Rated facilities: long-term ₹64 Cr and short-term ₹585 Cr • Outlook revision factors in operationalisation of new capacities, expected to support scale of operations with improved profitability and cash accruals • Q1FY27 consolidated TOI at ₹1,735.15 Cr v ₹693.22 Cr in Q1FY26, up 150.30% (YOY), on ~50-60% higher base oil prices and ~73% higher volumes • Ratings also draw on four decades of promoter experience, over 80 oil variants, exports to 75+ countries (50% of FY26 TOI), gearing 0.16x and strong liquidity • Caution: Q1FY27 PBILDT and PAT margins of 22.35% and 17.80% are exceptional and one-off; margins expected to normalise to ~8-10% over FY28 and FY29
Panama Petrochem Ltd
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