Manali Petrochemicals Reports Strong Q2 Performance with 90x Jump in Net Profit
Manali Petrochemicals Limited (MPL) has reported a significant improvement in its Q2 financial results. The company's consolidated net profit surged to 181.5 million rupees from 2 million rupees in the same quarter last year, marking a 90-fold increase. Revenue grew to 2.48 billion rupees from 2.3 billion rupees year-over-year. EBITDA rose to 203 million rupees from 38 million rupees, with the EBITDA margin expanding to 8.18% from 1.66%.
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Manali Petrochemicals Limited (MPL) has released its financial results for the second quarter, showcasing a remarkable improvement in performance.
Financial Performance
MPL delivered robust Q2 results with consolidated net profit surging to 181.5 million rupees from 2 million rupees in the same quarter last year, representing a 90-fold increase. Revenue grew to 2.48 billion rupees compared to 2.3 billion rupees year-over-year.
Key Financial Highlights
| Particulars | Q2 (Current Year) | Q2 (Previous Year) |
|---|---|---|
| Revenue | 2.48 billion INR | 2.30 billion INR |
| Net Profit | 181.50 million INR | 2.00 million INR |
| EBITDA | 203.00 million INR | 38.00 million INR |
| EBITDA Margin | 8.18% | 1.66% |
Significant Improvements
The company's EBITDA increased significantly to 203 million rupees from 38 million rupees in the corresponding period last year. Additionally, the EBITDA margin expanded to 8.18% from 1.66% year-over-year.
Outlook
The substantial growth in net profit and the significant improvement in EBITDA and EBITDA margin indicate a strong performance for Manali Petrochemicals in the second quarter. These results suggest effective cost management and potentially improved market conditions for the company's products.
Historical Stock Returns for Manali Petrochemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.00% | +1.19% | -5.17% | +17.58% | +10.53% | +114.76% |
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