Meghmani Finechem Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 13% to Rs 36.95 crores ($5 million) for the period ended June 30, 2021 as against net profit of Rs 32.76 crores ($4.4 million) for the previous quarter.
Net sales increased 12.4% to Rs 290.51 crores ($39.1 million) during the period ended June 30, 2021 as compared to Rs 258.52 crores ($34.8 million) during the previous quarter.
Maulik Patel, Chairman and Managing Director – MFL said: ” We are extremely excited about the growth prospects of MFL and its transition as in independent company. We will maintain our focus on cost efficient operations and on the value-added derivatives of chlor-alkali.
Our state-of-the-art manufacturing facilities provide us with a unique strategic edge. The capacity expansion of our existing products along with our foray into ECH and CPVC will catapult us to a higher growth trajectory and at the same time create superior value for our shareholders.
Sustainability and strong governance will continue to be our core focus areas and we will be driven by global best standards and practices.”
Meghmani Finechem Ltd is engaged in the business of manufacture and selling of chlor-alkali and derivatives chloromethanes and hydrogen peroxide.