Manali Petrochemicals Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 47% to Rs 1.17 billion for the period ended September 30, 2021 as against net profit of Rs 797.78 million for the previous quarter.
Net sales increased 32.2% to Rs 4.41 billion during the period ended September 30, 2021 as compared to Rs 3.34 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 464.9% to Rs 1.17 billion for the period ended September 30, 2021 as against net profit of Rs 207.6 million for the prior-year quarter.
Net sales increased 99.04% to Rs 4.41 billion during the period ended September 30, 2021 as compared to Rs 2.22 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 726.1% to Rs 1.97 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 238.54 million for the prior-year 6 months period.
Net sales increased 148.1% to Rs 7.75 billion during the 6 months period ended September 30, 2021 as compared to Rs 3.12 billion during the prior-year 6 months period.
“During the September 2021 quarter, demand for all the products improved post the lifting of restrictions across the country. All-around increase was seen in product prices and margins, and the quarter recorded historically highest turnover,” said Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group.
Manali Petrochemicals Ltd is engaged in the business of manufacture and selling propylene glycol and polyols.