Manali Petrochemicals Limited, a 1986 incorporation, produces and sells industrial raw materials such as polyols (PY), propylene glycol, and propylene oxide (PO). The business, which is based in Chennai, is the only one in the country that produces propylene glycol. Additionally, it is the first and biggest producer of propylene oxide in India, the raw ingredient used to make the aforementioned derivative goods.
Financial Results:
- Manali Petrochemicals Ltd. reported Total Income for Q4FY23 of ₹ 339 Crores up from ₹ 421 Crore year on year, a fall of 20%.
- Total Expenses for Q4FY23 of ₹ 336 Crores up from ₹ 320 Crores year on year, rise of 5%.
- Consolidated Net Loss of ₹ 0.45 Crores, down from ₹ 74 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ (0.03), down from ₹ 4.30 in the same quarter of the previous year.