Manali Petrochemicals Limited — Updates, 05-02-2025: Press Release

MPL reported consolidated income of ₹683 crore for the nine months of FY 2024-25, showing a decline from ₹798.88 crore in the previous period. For the quarter ending December 31, total income was ₹200.49 crore, down from ₹236.01 crore in the previous quarter. Profit before tax (PBT) increased to ₹26.12 crore for the nine months, while profit after tax (PAT) reached ₹18.51 crore. The standalone results indicate that MPL recorded a loss of ₹3.6 crore, significantly reduced from a ₹14.08 crore loss in the prior quarter, aided by cost optimization strategies.

Key leadership changes were announced, including the elevation of Mr. R Chandrasekar to Managing Director & CEO, and several appointments to the board to strengthen governance. Leadership emphasized the ongoing impact of cheap imports on the domestic sector but expressed a positive outlook due to improved operational efficiencies and support from overseas subsidiaries. The company remains focused on sustainable practices and innovation to enhance its competitive edge in the market.