Categories Agricultural Products, Earnings

Meghmani Finechem Q4FY23 Earnings Story

Meghmani Finechem Limited (MFL) is part of the Ahmedabad-based Meghmani Group. It was incorporated in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL) but was demerged in April 2021. The company is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products.

Financial Results:

  • Meghmani Finechem Ltd. reported Total Income for Q4FY23 of ₹ 567 Crores up from ₹ 501 Crore year on year, a rise of 13%.

  • Total Expenses for Q4FY23 of ₹ 456 Crores up from ₹ 356 Crores year on year, rise of 28%.

  • Consolidated Net Profit of ₹ 77 Crores, down 23% from ₹ 99 Crores in the same quarter of the previous year.

  • The Earnings per Share is ₹ 18.47, down 23% from ₹ 23.85 in the same quarter of the previous year.

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