India’s Mysore Petro Chemicals Reports YoY Net Profit of Rs 73.77 Million in Q2FY22

Mysore Petro Chemicals Ltd., a petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.

Q2 Results- QoQ

The company’s net profit grew 24.3% to Rs 73.77 million for the period ended September 30, 2021 as against net profit of Rs 59.35 million for the previous quarter.

Net sales increased 203.5% to Rs 100.99 million during the period ended September 30, 2021 as compared to Rs 33.28 million during the previous quarter.

Q2 Results- YoY

The company’s net profit grew 323.1% to Rs 73.77 million for the period ended September 30, 2021 as against net loss of Rs 33.06 million for the previous quarter.

Net sales increased 312.5% to Rs 100.99 million during the period ended September 30, 2021 as compared to Rs 24.49 million during the previous quarter.

Half-Year Results- YoY

The company’s net profit grew to Rs 133.12 million for the 6 months period ended September 30, 2021 as against net loss of Rs 17.54 million for the prior-year 6 months period.

Net sales increased 157.3% to Rs 134.27 million during the 6 months period ended September 30, 2021 as compared to Rs 52.17 million during the prior-year 6 months period.

Mysore Petro Chemicals Ltd is engaged in the business of manufacture and selling phthalic anhydride (PA) and Maleic Anhydride (MA).