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Manali Petrochemicals Results: Latest Quarterly Results & Analysis

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Manali Petrochemicals Ltd. 12 Aug 2025 12:11 PM
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Q1FY26 Quarterly Result Announced for Manali Petrochemicals Ltd.

Petrochemicals company Manali Petrochemicals announced Q1FY26 results

  • Total Income: Rs 242.69 crore compared to Rs 238.34 crore during Q4FY25.
  • PBT: Rs 19.96 crore compared to Rs 15.94 crore during Q4FY25.
  • PAT: Rs 14.35 crore compared to Rs 10.81 crore during Q4FY25.

Ashwin Muthiah, Chairman of MPL & Founder Chairman, AM International, Singapore, said: “Despite continuing external challenges and growing global uncertainty, the company has maintained its topline and margins in line with the previous quarter. From driving internal process and cost efficiencies to ensuring customer focus, our goal has been on navigating these times responsibly.

Our overseas subsidiaries have contributed to overall profitability, once again validating our opportunistic M&A strategy. Going forward, we will continue to build our product portfolio, delivering eco-friendly solutions while ensuring profitable growth.”

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Petrochemicals company Manali Petrochemicals India announced Q3FY25 results

  • Total Income: Rs 200.49 crore compared to Rs 236.01 crore during H1FY25.
  • PBT: Rs 7.68 crore compared to Rs 5.50 crore during H1FY25.
  • PAT: Rs 5.27 crore compared to Rs 2.00 crore during H1FY25.

Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said: "Our performance continues to be impacted by macroeconomic challenges, particularly unhindered imports from neighbouring countries, which put domestic industries without tariff protection at a disadvantage. However, we have strengthened internal efficiencies and operational performance, narrowing standalone losses. Looking ahead, we expect continued progress, supported by our overseas subsidiaries, which have contributed to overall profitability and expanded our product portfolio.

We have also reinforced our leadership team at the board level and aligned work responsibilities more strategically. Our ESG commitment will be a key competitive advantage in the long run, particularly in using carbon-neutral technologies, products, and raw materials.

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Petrochemicals company Manali Petrochemicals announced H1FY25 results

  • Total Income: Rs 482.79 crore compared to Rs 586.41 crore during H1FY24.
  • PBT: Rs 18.42 crore compared to Rs 20.82 crore during H1FY24.
  • PAT: Rs 13.22 crore compared to Rs 14.97 crore during H1FY24.

Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, said: "This quarter's performance reflects persistent macro-economic pressures, including rising raw material costs and competition from cheaper imports. On a positive note, contributions from our overseas subsidiaries have supported our bottom line. Looking ahead, maintaining cost efficiencies and progressing on our expansion plans remain our top priorities."

R Chandrasekar, Managing Director, MPL, said: “The continued surge in import dumping from neighbouring countries has created challenging market dynamics. Our inability to pass on prices to our customers has further impacted our performance and margin. However, our overseas subsidiaries’ strong contributions underscore the potential for long-term growth and will help bolster our performance moving forward”.

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Manali Petrochemicals announced Q1FY25 results:

Financial Highlights: 

  • Total Income: Rs 246.76 crore in Q1FY25, a decrease from Rs 262.63 crore in Q4FY24 and Rs 307.89 crore in Q1FY24. The FY24 total income was Rs 1,061.51 crore. 
  • Profit Before Tax (PBT): Rs 17.87 crore in Q1FY25, an increase from Rs 8.00 crore in Q4FY24 and Rs 5.90 crore in Q1FY24. The FY24 PBT was Rs 33.35 crore.
  • Profit After Tax (PAT): Rs 13.02 crore in Q1FY25, up from Rs 1.30 crore in Q4FY24 and Rs 4.11 crore in Q1FY24. The FY24 PAT was Rs 19.21 crore.

Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, commented: "Despite facing severe pricing pressures due to external factors beyond our control, our profitability has increased manifold while maintaining similar sales as last quarter. Moving forward, our focus will be on enhancing and protecting our bottom line through continuous operational efficiency and leveraging synergies from our international subsidiaries. The encouraging performance of our overseas subsidiaries positions us to introduce their products and services to local markets. Amid ongoing geopolitical conflicts and tensions, we remain cautiously optimistic about our future."

R Chandrasekar, Managing Director of MPL, commented: “Our quarterly performance, with improved profitability despite a slight dip in sales, clearly demonstrates the effectiveness of our cost management and operational synergies. While India faces severe dumping pressures affecting the industry, we are hopeful for substantial policy-level remedial measures to protect local manufacturers. Concurrently, our UK subsidiaries are performing well and significantly contributing to our bottom line. Moving forward, we will continue to safeguard our market share through superior R&D and strategic product and solutions development.”

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Petrochemicals company Manali Petrochemicals announced Q4FY24 & FY24 results:

  • During Q4FY24, revenue and profit after tax on consolidated basis was Rs 256.28 crore and Rs 1.3 crore, respectively.
  • For FY24, revenue and profit after tax on consolidated basis was Rs 1,032.35 crore and Rs 19.21 crore, respectively.
  • During the year, the company continued to get affected by the dumping of imported materials at cheaper prices and the increase in raw materials cost which have impacted our margins.
  • Despite the temporary disruptions caused on account of Cyclone Michaung in the month of December 2023, the Company could maintain its top line at consolidated level this year.
  • The Board of MPL has recommended a dividend of Rs 0.75 per share (15%) for FY24, subject to approval of the Members.

Ashwin Muthiah, Chairman of MPL and Founder Chairman of AM International, Singapore, commented: "Despite facing macro-economic challenges that impacted our margins, the company reported an improved topline in the last quarter, enabling us to maintain annual sales at a similar level to the previous year. Despite disruptions caused by a cyclone in December, we successfully resumed full-fledged operations, contributing to our Q4 sales. Our decision not to pass the price hike on to customers underscores our long-term relationship focus. The recent leadership changes demonstrate our commitment to steering the business in a professional manner. With the formation of the Indian subsidiary of our recent overseas acquisition, we are optimistic about enhancing our performance in the future with our high-margin, sustainable specialty chemicals business."

R Chandrasekar, Managing Director of MPL, commented: "MPL's performance, despite severe dumping pressure from neighboring countries and resulting margin challenges, underscores our commitment to remain competitive as per market demand. We've appealed to the government for better policies to protect domestic players, aiming to achieve a level playing field in the near future. As a team, we are prioritizing R&D and innovation, aligning with our commitment to manufacturing environmentally friendly products tailored to our clients' needs."

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Manali Petrochemicals announced Q3FY23 results:

  • Standalone Q3FY23 & 9MFY23:
    • During the quarter, total revenue was Rs 211.57 crore and net profit Rs 64 lakh.
    • 9MFY23 revenue and profits were Rs 785.24 crore & Rs 49.49 crore respectively.
  • Consolidated Q3FY23 & 9MFY23:
    • During the quarter, total revenue was Rs 244.20 crore and net profit Rs 3.15 crore.
    • 9MFY23 revenue and profits were Rs 866.38 crore & Rs 51.11 crore respectively.

Ashwin Muthiah, Chairman, MPL and Founder Chairman, AM International, Singapore, said: "The company experienced a decline in performance during the quarter due to increased competition and the inability to raise prices for customers. However, the company intends to improve its performance, particularly its margins, through its acquisition of Penn-White in the UK."

Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group, said: "The company's performance continued to be affected by a downtrend in the economy impelled by global events since the start of this year. As a result, though sales volume could be maintained compared to last quarter, margins had been falling with the continued increase in input costs and steep reduction in selling prices. Nevertheless, revenue generated from speciality products is quite encouraging, thanks to the new business units acquired in the UK, as part of our strategy to improve our performance. We will continue to take all other possible steps in the coming quarters.

 

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Manali Petrochemicals announced Q2FY23 results:

  • Q2FY23 & H1FY23:
    • During the quarter total revenue was Rs 267.22 crore and Net Profits Rs 11.71 crore.
    • The six months period revenue and profits were Rs 573.67 crore & Rs 48.85 crore, respectively.

Mr. Ashwin Muthiah, Chairman – MPL and Founder Chairman, AM International, Singapore said: MPL’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. Further, the recent clearance from the Ministry of Environment, Forest, and Climate Change, Government of India, 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.”

Mr. Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group said : that the downtrend in economy impelled by global events continue to affect the performance, which is being experienced since the last quarter of the previous year. 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. All possible steps are being taken to improve the performance, he added.

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Manali Petrochemicals announced Q1FY23 Result :

  • MPL's Q1-23 Total Income higher by 8% vis-a-vis Q1-FY22 Posts INR 37.14 crore of Net Profits in the first quarter of FY 2223
  • During the quarter total revenue was INR 306.46 crore, about 8% higher than INR 282.96 crore in the previous year. Owing to changed market scenario and the resultant lower prices, though total income was higher by 8% compared to the corresponding quarter of the previous year, sales and profitability during the period had been lower.

Mr. Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group said that after a couple of years of historically best performances, the first quarter of the new Financial year has been affected by lower demand and increased imports. Besides lower volume of sales, the prices have been witnessing a downtrend, stage for which was set towards the end of the preceding quarter. Due to the global conditions, mainly the Russia-Ukraine stand-off and Chinese lockdowns, input costs have also been going up. So, the performance of MPL has not been as good as it was earlier. The Management is monitoring the situation closely, and all required actions are taken to sustain the performance.

 

 

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Manali Petrochemicals declares Q4FY22 result:

  • Manali Petrochemicals' profits double on a 60% higher revenue in FY22 PBT crosses INR 500 Crore mark
  • During the year total revenue was INR 1461 crore, 56% higher than INR 935 crore in the previous year. EBITDA for the year at Rs. 539 crore was higher by 78% against INR 303 crore and the margin was higher by nearly 5%. PBT and PAT also increased impressively to INR 505 crore and INR 377 crore respectively.
  • The Board of MPL has recommended a dividend of 50% for the year 2021-22 (Previous year 30%), subject to approval of Members.

Mr. Ashwin Muthiah, Chairman-MPL and Founder Chairman, AM International, Singapore said: "The Company's annual performance has been one of the best in its entire history; I wish to congratulate the team for its commendable performance despite various geopolitical events and price volatility.

As an industry leader, the Company will continue its focus on capex led capacity building and deepening customer relationships; our growth strategy is aligned to contributing to India's Atmanirbhar goal. In addition, our increased focus and investment in R&D, science and technology will help us in our decarbonisation efforts and deliver raw material sourcing efficiencies through alternate energy usage.

Considering the significantly higher profits, the Board has recommended an additional dividend of 20% over and above the last year's 30%. We endeavour towards a safe and healthy workplace and continue our CSR efforts."

 

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Manali Petrochemicals announced Q3FY22 results:

  • During the quarter MPL's total revenue at Rs. 404 crore was 22% higher than Rs. 330 crore in the corresponding period of last year.
  • The EBIDTA for the period was Rs. 154 crore and PAT Rs. 109 crore, against Rs. 130 crore and Rs. 84 crore respectively.
  • In Q3 of FY22, EBIDTA to Revenue was at 38% slightly lower than 40% in the previous year period.
  • During the nine months, the total revenue was Rs. 1,094 crore, 1.83 times Rs. 598 crore in the corresponding period of FY21. PBT and PAT registered 3-fold growth during this period, signifying better price realizations.

Mr. Ashwin Muthiah, Chairman - MPL and Founder Chairman, AM International, Singapore said: MPL's science & R&D led approach, along with customer centricity, is a prime reason for its sustained performance in such challenging market conditions. The results show that the company has strengthened its market leadership and bettered its financial performance even during tough times. I commend the team for its tireless efforts to grow its market leadership despite natural vagaries. As we start to operate alongside the pandemic, employee health and safety remain a priority.

We will continue our CSR programs around our plants that benefit the poor and marginalized in line with our group's social ethos., he reiterated.

Mr. Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group said that product prices started to soften towards the end of the quarter. The trend may continue in the next quarter, and the Company is gearing up to tackle this challenge.

 

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