Latest News | Manali Petro Reports Standalone Q2 PAT at Rs 119.62 Cr

Chennai, Nov 9 (PTI): Manali Petrochemicals Ltd, (MPL) on Tuesday reported Profit After Tax at Rs 119.62 crore for the quarter ending September 30, 2021. Part of AM International, Singapore, the company had registered a standalone PAT at Rs 17.88 crore in the corresponding quarter the previous year. The standalone revenue for the quarter under review grew to Rs 407.80 crore from Rs 282.96 crore recorded in the corresponding period last year.

The EBITDA (Earnings before interest, taxes, depreciation and amortization) for the quarter ending September 30, 2021 was Rs 165.50 crore against Rs 112.24 crore registered in the same quarter of the previous fiscal.

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"...we will move ahead with our dual focus on profitable and healthy growth while implementing green technologies for our products and plants. I congratulate the entire team for delivering this performance, even in the current times of macroeconomic challenges", company Chairman Ashwin Muthiah said.

MPL Managing Director Ravi said that during the quarter, the demand for all the products improved post lifting of the restrictions across the country. "All-round increase was seen in product prices and margins, and the quarter recorded historically highest turnover. We expect to maintain a similar performance in the coming periods", he said.

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