Manali Petrochemical

Manali Petrochemicals Ltd on Tuesday reported a consolidated profit after tax of Rs 13.22 crore for the six-month period ending September 30, 2024. The city-headquartered petrochemical manufacturer had registered a profit after tax of Rs 14.97 crore during the corresponding period last year. For the year ending March 31, 2024, the profit after tax was Rs 19.21 crore. In a statement, the company said that revenue and margins continued to be affected mainly due to the dumping of imported materials at cheaper prices, coupled with rising raw material costs. "Although the company has suffered a loss on a standalone basis for reasons beyond its control, the continued operational performance of the overseas subsidiaries helped the company achieve a positive position on a consolidated basis during the quarter under review," the company stated. The total income for the six-month period ending September 30, 2024, stood at Rs 482.79 crore, compared to Rs 586.41 crore for the year-ago period.

Manali Petrochemicals Ltd has reported a dip in its consolidated profit after tax for the October-December 2023 quarter at Rs 2.94 crore, due to a continuous rise in the cost of raw materials. The Chennai-based petrochemicals manufacturing company registered a consolidated profit after tax at Rs 3.15 crore, during the corresponding quarter of last year. The consolidated net profits for the April-December 2023 period slipped to Rs 17.91 crore, as compared to Rs 51.11 crore registered a year ago. Total income on a consolidated basis during the quarter under review stood at Rs 212.47 crore, as against Rs 244.20 crore registered in the same period of last fiscal. The consolidated total income for the nine months ending December 31, 2023, declined to Rs 798.88 crore from Rs 866.37 crore registered during the corresponding period of the last financial year. "The continued dumping of imported materials at cheaper prices and the increase in raw materials cost have impacted our margins for .

Penn Globe is a market leader in foam control agents and chemical products

Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. The city-based company which is a part of the AM International, Singapore, had reported standalone PAT at Rs 119.62 crore during the corresponding quarter in the previous year. The standalone revenue during the quarter under review stood at Rs 267.22 crore, as against Rs 407.80 crore registered during the same period last financial year. "With the downtrends continuing on global cues, sales and profitability continued to be under pressure during the above period," the company said in a statement here. Manali Petrochemicals Ltd MD Ravi said the downtrend in the economy impelled by global events continue to affect the performance, which is being experienced since the last quarter of the previous year. Though sales volume could be maintained, product prices had been falling on the one

Firm's total income up about 10% to Rs 183 cr; firm cites Covid-19 for profit numbers

The stock locked in upper circuit of 20% at Rs 41.55 on the BSE after the company reported a record quarterly net profit of Rs 266 million in March quarter