11 February 2020, Chennai/Mumbai:Manali Petrochemicals Limited (MPL), a leading petrochemicalmanufacturer and a part of AM International – Singapore, announced its Q3FY20 results today.
Financials:
During Q3FY20, MPL earnedINR 146.89crorecompared to INR 178.83 croreduring the correspondingperiod in FY19. The EBITDA stood atINR 14.02crore, while PAT was INR 6.05 crore. In Q3FY19, the company had clocked an EBITDA of INR 20.48 croreand PAT of INR 11.50 crore.
Standalone Quarterly Performance:
(in INR crore)
| Particulars | Q3FY20 | Q3FY19 | Year ended 31.03.19 |
| Revenue | 146.89 | 178.83 | 708.91 |
| EBITDA | 14.02 | 20.48 | 97.98 |
| PBT | 9.28 | 17.36 | 102.69 |
| PAT | 6.05 | 11.50 | 65.17 |
Leadership Comment:
Mr Ashwin Muthiah, Chairman – MPL and Founder Chairman, AM International, Singapore said:
“Continued low domestic demandcoupled with unabated imports into India have affected the revenues and margins of Manali Petrochemicals. The management team has taken various actions to overcome the hurdles and we are confident that our efforts will bear fruit in the months to come.”
About Manali Petrochemicals Limited(www.manalipetro.com):
Manali Petrochemical Limited (MPL) is a leading petrochemical manufacturer based in Chennai, India. It markets propylene glycol and polyols. Part of Singapore headquartered USD 2+ billion AM International group,MPLhas one Wholly Owned Subsidiary– AMCHEM Specialty Chemicals Limited, Singapore – and two Step Down Subsidiaries (SDS) – AMCHEM Specialty Chemicals UK Limited, UK and Notedome Limited, UK.
