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.
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