Petrochemicals company Manali Petrochemicals India announced Q3FY25 results Total Income: Rs 200.49 crore compared to Rs 236.01 crore during H1FY25. PBT: Rs 7.68 crore compared to Rs 5.50 crore during H1FY25. PAT: Rs 5.27 crore compared to Rs 2.00 crore during H1FY25. Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said: "Our performance continues to be impacted by macroeconomic challenges, particularly unhindered imports from neighbouring countries, which put domestic industries without tariff protection at a disadvantage. However, we have strengthened internal efficiencies and operational performance, narrowing standalone losses. Looking ahead, we expect continued progress, supported by our overseas subsidiaries, which have contributed to overall profitability and expanded our product portfolio. We have also reinforced our leadership team at the board level and aligned work responsibilities more strategically. Our ESG commitment will be a key competitive advantage in the long run, particularly in using carbon-neutral technologies, products, and raw materials. Result PDF
Petrochemicals company Manali Petrochemicals announced H1FY25 results Total Income: Rs 482.79 crore compared to Rs 586.41 crore during H1FY24. PBT: Rs 18.42 crore compared to Rs 20.82 crore during H1FY24. PAT: Rs 13.22 crore compared to Rs 14.97 crore during H1FY24. Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said: "This quarter's performance reflects persistent macro-economic pressures, including rising raw material costs and competition from cheaper imports. On a positive note, contributions from our overseas subsidiaries have supported our bottom line. Looking ahead, maintaining cost efficiencies and progressing on our expansion plans remain our top priorities." R Chandrasekar, Managing Director, MPL, said: “The continued surge in import dumping from neighbouring countries has created challenging market dynamics. Our inability to pass on prices to our customers has further impacted our performance and margin. However, our overseas subsidiaries’ strong contributions underscore the potential for long-term growth and will help bolster our performance moving forward”. Result PDF
Manali Petrochemicals announced Q1FY25 results: Financial Highlights: Total Income: Rs 246.76 crore in Q1FY25, a decrease from Rs 262.63 crore in Q4FY24 and Rs 307.89 crore in Q1FY24. The FY24 total income was Rs 1,061.51 crore. Profit Before Tax (PBT): Rs 17.87 crore in Q1FY25, an increase from Rs 8.00 crore in Q4FY24 and Rs 5.90 crore in Q1FY24. The FY24 PBT was Rs 33.35 crore. Profit After Tax (PAT): Rs 13.02 crore in Q1FY25, up from Rs 1.30 crore in Q4FY24 and Rs 4.11 crore in Q1FY24. The FY24 PAT was Rs 19.21 crore. Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, commented: "Despite facing severe pricing pressures due to external factors beyond our control, our profitability has increased manifold while maintaining similar sales as last quarter. Moving forward, our focus will be on enhancing and protecting our bottom line through continuous operational efficiency and leveraging synergies from our international subsidiaries. The encouraging performance of our overseas subsidiaries positions us to introduce their products and services to local markets. Amid ongoing geopolitical conflicts and tensions, we remain cautiously optimistic about our future." R Chandrasekar, Managing Director of MPL, commented: “Our quarterly performance, with improved profitability despite a slight dip in sales, clearly demonstrates the effectiveness of our cost management and operational synergies. While India faces severe dumping pressures affecting the industry, we are hopeful for substantial policy-level remedial measures to protect local manufacturers. Concurrently, our UK subsidiaries are performing well and significantly contributing to our bottom line. Moving forward, we will continue to safeguard our market share through superior R&D; and strategic product and solutions development.” Result PDF
Petrochemicals company Manali Petrochemicals announced Q4FY24 & FY24 results: During Q4FY24, revenue and profit after tax on consolidated basis was Rs 256.28 crore and Rs 1.3 crore, respectively. For FY24, revenue and profit after tax on consolidated basis was Rs 1,032.35 crore and Rs 19.21 crore, respectively. During the year, the company continued to get affected by the dumping of imported materials at cheaper prices and the increase in raw materials cost which have impacted our margins. Despite the temporary disruptions caused on account of Cyclone Michaung in the month of December 2023, the Company could maintain its top line at consolidated level this year. The Board of MPL has recommended a dividend of Rs 0.75 per share (15%) for FY24, subject to approval of the Members. Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, commented: "Despite facing macro-economic challenges that impacted our margins, the company reported an improved topline in the last quarter, enabling us to maintain annual sales at a similar level to the previous year. Despite disruptions caused by a cyclone in December, we successfully resumed full-fledged operations, contributing to our Q4 sales. Our decision not to pass the price hike on to customers underscores our long-term relationship focus. The recent leadership changes demonstrate our commitment to steering the business in a professional manner. With the formation of the Indian subsidiary of our recent overseas acquisition, we are optimistic about enhancing our performance in the future with our high-margin, sustainable specialty chemicals business." R Chandrasekar, Managing Director of MPL, commented: "MPL's performance, despite severe dumping pressure from neighboring countries and resulting margin challenges, underscores our commitment to remain competitive as per market demand. We've appealed to the government for better policies to protect domestic players, aiming to achieve a level playing field in the near future. As a team, we are prioritizing R&D; and innovation, aligning with our commitment to manufacturing environmentally friendly products tailored to our clients' needs." Result PDF