Manali Petro turned ₹76 cr. net profit in Q1

August 10, 2021 11:09 pm | Updated 11:09 pm IST - CHENNAI

Manali Petrochemicals Ltd. (MPL) reported standalone net profit for the first quarter was ₹76 crore.

The firm had registered a loss of ₹1 crore in the year-earlier period.

Revenue from operations more than quadrupled to ₹270 crore, MPL said in a statement, adding the operations were badly affected on account of the pandemic. The team’s constant efforts to focus on efficient and profitability- oriented growth despite external challenges are critical strengths that should continue in the coming times, said chairman Ashwin Muthiah.

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