Q4FY22 Quarterly Result Announced for Manali Petrochemicals Ltd.
Manali Petrochemicals declares Q4FY22 result: Manali Petrochemicals' profits double on a 60% higher revenue in FY22 PBT crosses INR 500 Crore mark During the year total revenue was INR 1461 crore, 56% higher than INR 935 crore in the previous year. EBITDA for the year at Rs. 539 crore was higher by 78% against INR 303 crore and the margin was higher by nearly 5%. PBT and PAT also increased impressively to INR 505 crore and INR 377 crore respectively. The Board of MPL has recommended a dividend of 50% for the year 2021-22 (Previous year 30%), subject to approval of Members. Mr. Ashwin Muthiah, Chairman-MPL and Founder Chairman, AM International, Singapore said: "The Company's annual performance has been one of the best in its entire history; I wish to congratulate the team for its commendable performance despite various geopolitical events and price volatility. As an industry leader, the Company will continue its focus on capex led capacity building and deepening customer relationships; our growth strategy is aligned to contributing to India's Atmanirbhar goal. In addition, our increased focus and investment in R&D;, science and technology will help us in our decarbonisation efforts and deliver raw material sourcing efficiencies through alternate energy usage. Considering the significantly higher profits, the Board has recommended an additional dividend of 20% over and above the last year's 30%. We endeavour towards a safe and healthy workplace and continue our CSR efforts." Result PDF25-05-2022