{"id":151543,"date":"2023-08-07T09:31:02","date_gmt":"2023-08-07T13:31:02","guid":{"rendered":"https:\/\/44.250.171.167\/?p=151543"},"modified":"2023-08-07T09:31:03","modified_gmt":"2023-08-07T13:31:03","slug":"meghmani-finechem-ltd-q1fy24-70-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/meghmani-finechem-ltd-q1fy24-70-fall-in-profits\/","title":{"rendered":"Meghmani Finechem Ltd Q1FY24; 70% fall in Profits"},"content":{"rendered":"\n<p>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 &amp; its Derivatives with backward and forward integration facilities and also engaged in trading of Agrochemical products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Meghmani Finechem Ltd reported Revenues for Q1FY24 of \u20b9455.00 Crores down from \u20b9533.00 Crore year on year, a fall of 14.63%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9409.00 Crores up from \u20b9378.00 Crores year on year, a rise of 8.2%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b932.00 Crores down 70.37% from \u20b9108.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b97.62, down 70.62% from \u20b925.94 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290-839x1024.png\" alt=\"\" class=\"wp-image-151544\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-290.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &amp; its Derivatives with backward and forward integration facilities and also engaged [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,12],"tags":[11738],"class_list":["post-151543","post","type-post","status-publish","format-standard","hentry","category-infographics","category-other-industries","tag-agrochemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":148091,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-q4fy23-earnings-story\/","url_meta":{"origin":151543,"position":0},"title":"Meghmani Finechem Q4FY23 Earnings Story","author":"Karan_Singh","date":"June 2, 2023","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148501,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-a-growth-story\/","url_meta":{"origin":151543,"position":1},"title":"Meghmani Finechem: A Growth Story","author":"Karan_Singh","date":"June 7, 2023","format":false,"excerpt":"\u201cFY '23 has been an exciting year even after a lot of volatility for the business. The realizations for all the products were at peak at the starting of the year and have reached to a bottom level by the end of the year. Even after this, our top line\u2026","rel":"","context":"In &quot;Other Industries&quot;","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/iStock-97234232.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":153751,"url":"https:\/\/alphastreet.com\/india\/meghmani-organics-ltd-q1fy24-46-fall-in-revenue\/","url_meta":{"origin":151543,"position":2},"title":"Meghmani Organics Ltd Q1FY24; 46% fall in Revenue","author":"Karan_Singh","date":"August 14, 2023","format":false,"excerpt":"Founded in 1986 as M\/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1025.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":159214,"url":"https:\/\/alphastreet.com\/india\/meghmani-organics-ltd-q3fy24-36-fall-in-revenue\/","url_meta":{"origin":151543,"position":3},"title":"Meghmani Organics Ltd Q3FY24; 36% fall in Revenue","author":"Chirag Gupta","date":"February 26, 2024","format":false,"excerpt":"Founded in 1986 as M\/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. 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Q&A Highlights: Manish\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":162159,"url":"https:\/\/alphastreet.com\/india\/meghmani-organics-ltd-q4fy24-29-fall-in-revenue\/","url_meta":{"origin":151543,"position":5},"title":"Meghmani Organics Ltd Q4FY24; 29% fall in Revenue","author":"Chirag Gupta","date":"June 14, 2024","format":false,"excerpt":"Founded in 1986 as M\/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. 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