Manali Petro Q3 net rises 30% on better price realisations
The Hindu
Manali Petrochemicals Ltd. (MPL) standalone net profit for the third quarter ended December rose 30% to ₹109 crore on better price realisations.Total revenue grew 22% to ₹399 crore. For the nine-month
Manali Petrochemicals Ltd. (MPL) standalone net profit for the third quarter ended December rose 30% to ₹109 crore on better price realisations.
Total revenue grew 22% to ₹399 crore. For the nine-month period, total revenue crossed ₹1,000 crore mark to touch ₹1,094 crore, while net profit grew three-fold to ₹305 crore, signifying better price realisations, it said in a regulatory filing.
“MPL’s science & R&D led approach, along with customer centricity, is a prime reason for its sustained performance in such challenging market conditions,” said chairman Ashwin Muthiah.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.