{"id":71156,"date":"2022-11-02T23:10:00","date_gmt":"2022-11-02T17:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=71156"},"modified":"2022-11-02T23:07:21","modified_gmt":"2022-11-02T17:37:21","slug":"biz-manali-petrochemicals","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-manali-petrochemicals\/","title":{"rendered":"Manali Petrochemicals Q2 Results: Standalone PAT at Rs 11.71 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2329209761\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1078642262\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The city-based company which is a part of the AM International, Singapore, had reported standalone PAT at Rs 119.62 crore during the corresponding quarter in the previous year.<\/p>\n<p>The standalone revenue during the quarter under review stood at Rs 267.22 crore, as against Rs 407.80 crore registered during the same period last financial year.<\/p>\n<p>&#8220;With the downtrends continuing on global cues, sales and profitability continued to be under pressure during the above period,&#8221; the company said in a statement here.<\/p><div class=\"trade-content_5\" id=\"trade-4033038495\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Manali Petrochemicals Ltd MD Ravi said the downtrend in the economy impelled by global events continue to affect the performance, which is being experienced since the last quarter of the previous year.<\/p>\n<p>Though sales volume could be maintained, product prices had been falling on the one hand and the input costs going up on the other, wearing down the margins, he said.<\/p>\n<p>The company board approved proposals for investment in its wholly-owned subsidiary, AMCHEM Speciality Chemicals Pvt Ltd, Singapore, up to USD 35 million in one or more tranches for funding its overseas acquisition plans.<\/p>\n<p>&#8220;MPL&#8217;s performance during the quarter reflects the ongoing volatility at the macroeconomic level. In spite of the current macro-uncertainty, our robust business model will help us navigate the challenges successfully,&#8221; MPL chairman Ashwin Muthiah said.<\/p>\n<p>&#8220;The recent clearance from the Ministry of Environment, Forest and Climate Change, for the PG expansion project is a significant, much-awaited development. Together, these factors will enable us to create continued value for our entire stakeholder value chain,&#8221; he said. PTI VIJ HDA<\/p>\n<div class=\"trade-after-content\" id=\"trade-2034096427\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. The city-based company which is a part of the AM International, Singapore, had reported standalone PAT at Rs 119.62 crore during the corresponding quarter in [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":45205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-71156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manali Petrochemicals Q2 Results: Standalone PAT at Rs 11.71 crore - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-manali-petrochemicals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manali Petrochemicals Q2 Results: Standalone PAT at Rs 11.71 crore\" \/>\n<meta property=\"og:description\" content=\"Petrochemical manufacturing firm Manali Petrochemicals Ltd reported a standalone profit after tax (PAT) at Rs 11.71 crore for the second quarter ending September 30, 2022, the company said on Wednesday. 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