Manali Petrochemicals records PBT of INR 9.28crore in Q3FY20
February 2020, Chennai/ Mumbai: Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and a part of AM International – Singapore, announced its Q3FY20 results today.
Financials:
During Q3FY20, MPL earned INR 146.89crorecompared to INR 178.83 crore during the corresponding period in FY19. The EBITDA stood at INR 14.02crore, while PAT was INR 6.05 crore. In Q3FY19, the company had clocked an EBITDA of INR 20.48 crore and 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 demand coupled 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.”
