Manali Petrochemicals

Manali Petrochemicals' net profit in Apr-Sep drops to Rs 13.22 cr

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.

Chennai-based Manali Petrochemicals acquires UK-based Penn Globe

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

Manali Petrochemicals reports consolidated Q3 PAT at Rs 110.09 crore

: Petrochemical manufacturing company Manali Petrochemicals Ltd has reported consolidated profit after tax for the quarter ending December 31, 2021 at Rs 110.09 crore, the company said on Thursday. The city-based company and part of AM International, Singapore, had registered consolidated net at Rs 86 crore during corresponding quarter previous year. Revenues during the quarter under review on a consolidated basis, stood at Rs 494.16 crore as compared to Rs 356 crore registered same period last fiscal. The research and development led approach along with customer focus, was the prime reason for the sustained performance of Manali Petrochemicals Ltd in a challenging market conditions, company chairman Ashwin Muthiah said. "The results show that the company has strengthened its market leadership and bettered its financial performance even during tough times. I commend the team for its tireless efforts to grow its market leadership despite natural vagaries," he said. Manali ...

Manali Petrochemicals to invest Rs 150 crore in capacity expansion

In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources

Manali Petro adopts strategy to accelerate growth, revamps management

While the company is scouting for acquisitions, it is also focusing on the management team with global expertise and eyeing strategic and product domains, says a senior official of the company

Manali Petro plans to raise $50 mn via issue of shares for inorganic growth

The company said that in order to capitalise on the various opportunities available for future growth, it intends to enhance its business activities both in the domestic and overseas markets

Manali Petrochemicals extends rally on acquisition of UK-based Notedome

The stock hit a 52-week high of Rs 42.20, surging 30% in past two trading sessions from Rs 32.45 since September 30

Manali Petro acquires UK-based Notedome Limited for Rs 120 crore

The investment will support the subsidiary plans for potential acquisition of an overseas System House

Manali Petrochemical pads up for global play

In talks to set up application centres in Singapore, Qatar, the US and west Europe