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.