Manali Petrochemicals Ltd., (MPL) reported standalone net revenue for March quarter contracted to ₹1.33 crore year-on-year from ₹72 crore on account of steady improve in input costs and world southward volatility in promoting costs.
Revenue from operations dipped by 26% to ₹266 crore, whereas price of supplies consumed was down by 3% to ₹182 crore, it mentioned in a regulatory submitting.
“The company’s performance has got affected by the global macroeconomic situation as higher raw material costs and the inability to pass on the increase to the customers impacted the bottomline,” mentioned chairman Ashwin Muthiah.
However, we’re taking a look at bettering our operational efficiencies and focusing on margin enhancements,” he mentioned.
The board declared a dividend of 75 paise per share.
