Manali Petrochemicals Limited (MPL), a leading chemical manufacturing company and part of AM International – Singapore, announced its Q2FY20 results
Financials:
During Q2FY20, MPL clocked revenues of INR 172.49 crore as compared to INR 186.17 crore during the corresponding period of FY19. The EBITDA stood at INR 20.13 crore while the company registered PAT of INR 9.86 crore. In Q2FY19, the company had registered EBITDA of INR 28.85 crores while its PAT stood at INR 16.79 crores.
Standalone Quarterly Performance
(In INR crore)
|
Particulars |
Q2FY20 |
Q2FY19 |
Variance |
Year ended 31.03.19 |
|
Revenues |
172.49 |
186.17 |
(13.68) |
708.91 |
|
EBITDA |
20.13 |
28.85 |
(8.72) |
97.98 |
|
PBT |
15.11 |
25.75 |
(10.64) |
102.69 |
|
PAT |
9.86 |
16.79 |
(6.93) |
65.17 |
Leadership Comment:
Mr. Ashwin Muthiah, Chairman – MPL and Founder Chairman, A M International, Singapore said:
“The sluggish macroeconomic scenario has affected our customer segments over the last few months. The resultant slowdown has impacted our financials. We are taking concerted actions to revive our performance. We are confident that our efforts will bear positive results over the next few months.”
