Manali Petrochemicals Limited — Updates, 04-11-2024: Press Release

Manali Petrochemicals Limited (MPL) reported consolidated revenue of Rs. 483 crore for H1 FY 2024-25. Despite challenges from rising raw material costs and competition from cheaper imports, overseas subsidiaries contributed positively to the company's performance. On a standalone basis, MPL faced a loss of Rs. 11 crore for the latest quarter, down from a profit of Rs. 2 crore previously. Leadership emphasized cost management and expansion as key priorities moving forward.