Manali Petrochemicals Limited (MPL), a leading chemical manufacturing company and part of AM International - Singapore, announced its Q1FY20 results today demonstrating stable financial performance.
During Q1FY20, MPL clocked total revenue of INR 183 crore higher than INR 178 crore in the corresponding period of the previous year and INR 166 crore in the preceding quarter The PAT stood at INR 11.18 crore.
The Consolidated total revenue for the quarter was INR 209 crore vis a vis INR 205 crore in the first quarter of last fiscal and INR 199 crore in the preceding three months. The Company improved its turnover but due to market conditions the product margins were impacted.
Mr. Ashwin Muthiah, Chairman - MPL and Founder Chairman, AM International, Singapore: "In spite of macro-economic challenges, MPL could improve its total revenue. The Management is taking stpes to better the margins and we expect there would be improvement in the coming periods."
Shares of MANALI PETROCHEMICAL LTD. was last trading in BSE at Rs.18.9 as compared to the previous close of Rs. 18.15. The total number of shares traded during the day was 33620 in over 174 trades.
The stock hit an intraday high of Rs. 21 and intraday low of 18.1. The net turnover during the day was Rs. 646198.