Business

Manali Petro turned ₹76 cr. net profit in Q1

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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Printable version | Oct 3, 2022 11:07:30 am | https://www.thehindu.com/business/manali-petro-turned-76-cr-net-profit-in-q1/article35845436.ece