Meghmani Finechem Ltd., an Indian Chlor-Alkali products manufacturer has reported financial results for the period ended March 31, 2022.
Q4 Results
The company’s net profit grew by 202.4% to Rs 990 million for the period ended March 31, 2022 as against Rs 327.6 million for the period ended March 31, 2021.
Net sales increased by 93.7% to Rs 5 billion during the period ended March 31, 2022 as compared to Rs 2.58 billion during the period ended March 31, 2021.
Full-Year Results
The company’s net profit grew by 150.7% to Rs 2.52 billion for the full-year period ended March 31, 2022 as against Rs 1.01 billion for the full-year period ended March 31, 2021.
The company has reported net sales of Rs 15.55 billion during the full-year period ended March 31, 2022, an increase of 87.2% as compared to Rs 8.31 billion during the full-year period ended March 31, 2021.
The company has reported EPS of Rs 60.4 for the full-year period ended March 31, 2022 as compared to Rs 17.26 for the full-year period ended March 31, 2021.
“This has been a landmark year for MFL. We made a debut on stock exchange as an independent entity in August 2021. I am pleased to announce, we have delivered record financial performance. We have achieved highest ever Revenue & PAT. This is a testimony of our team’s effort of delivering excellence despite the tough external environment. Our strong operational efficiency and internal cost control measures allowed us to maintain margins even with the inflationary pressure,” said MFL CMD Maulik Patel.