Manali Petrochemicals Ltd's Q3FY25 Quarterly Results

Result Summary

• Manali Petrochemicals Ltd reported a 15.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.6%.
• Its expenses for the quarter were down by 18.1% QoQ and 7.3% YoY.
• The net profit increased 2535.0% QoQ and increased 79.3% YoY.
• The earnings per share (EPS) of Manali Petrochemicals Ltd stood at 0.3 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Manali Petrochemicals Ltd is a company primarily involved in the chemical industry, specializing in the production of petrochemical products. The company's key products include Propylene Glycol, Polyols, and other related chemicals, which are widely used across various industries such as pharmaceuticals, construction, automotive, and personal care. Based in India, Manali Petrochemicals Ltd has been a significant player in the domestic market, with a focus on leveraging its expertise in manufacturing to serve diverse industrial needs. Recent developments for the company are not provided in the available data. Further insights into strategic initiatives or market expansions would require additional information beyond the scope of the present data.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Manali Petrochemicals Ltd reported a total income of ₹200.49 crores. This represents a decrease of 15.1% compared to the previous quarter (Q2FY25), where total income was ₹236.01 crores. Year-over-year, the company's total income declined by 5.6% from ₹212.47 crores in the same quarter of the previous fiscal year (Q3FY24). This sequential and annual decline in revenue reflects changes in the company's business environment, which could include variations in demand, pricing, or production volumes. The observed revenue trend highlights the dynamic nature of the company's operations over the past year.

Profitability

Manali Petrochemicals Ltd's profitability in Q3FY25 showed a significant improvement despite the decline in revenue. The Profit Before Tax (PBT) for the quarter was ₹7.68 crores, which marks a substantial increase of 1296.4% from ₹0.55 crores in Q2FY25. Year-over-year, the PBT rose by 69.5% from ₹4.53 crores in Q3FY24. The Profit After Tax (PAT) followed a similar trend, standing at ₹5.27 crores in Q3FY25, up by 2535.0% from ₹0.20 crores in the previous quarter and a 79.3% increase from ₹2.94 crores in the same quarter of the previous year. Earnings Per Share (EPS) for Q3FY25 was ₹0.30, which is an improvement from ₹0.00 in Q2FY25 and a 50.0% increase compared to ₹0.20 in Q3FY24. These figures suggest an enhanced margin performance, notwithstanding the revenue contraction.

Operating Metrics

The operating performance of Manali Petrochemicals Ltd in Q3FY25 can be examined through the lens of total expenses, which were ₹192.81 crores. This indicates an 18.1% reduction from the prior quarter's expenses of ₹235.46 crores and a 7.3% decrease from ₹207.94 crores in Q3FY24. The reduction in total expenses quarter-over-quarter and year-over-year suggests efficient cost management or adjustments in operational scale. Additionally, the tax expense for Q3FY25 was ₹2.41 crores, which increased by 588.6% from ₹0.35 crores in Q2FY25 and by 51.6% from ₹1.59 crores in Q3FY24. The operating metrics reflect the company's financial strategies to navigate its cost structure relative to revenue fluctuations in the given periods.