Manali Petrochemicals Ltd (MPL), a petrochemical manufacturing company and part of AM International, Singapore, reported a nearly 250% year-on-year increase in consolidated profit after tax (PAT) to ₹63.50 crore for the second quarter of FY27, compared with ₹18.15 crore in the corresponding quarter of the previous financial year.
Consolidated income rose 58.8% to ₹414.37 crore in Q2 FY27 from ₹260.94 crore in Q2 FY26, reflecting higher business activity and contributions from its global subsidiary.
The company said profitability remained broadly in line with the preceding quarter, while its standalone performance reflected increased business activity. Its consolidated performance remained steady amid a challenging operating environment.
Global subsidiary supports performance
Manali Petrochemicals attributed the improvement in its year-on-year performance partly to the contribution from its global subsidiary.
The company continues to focus on disciplined commercial decisions, operational efficiency and prudent management of costs and working capital.
However, it remains cautious about the near-term business outlook, citing uncertainties in market conditions, input costs and global trade flows.
Focus on cost discipline amid market volatility
Manali Petrochemicals Chairman Ashwin Muthiah said the company delivered a good performance despite the volatile global environment and rising input costs, with significant improvement in both revenue and profitability compared with the corresponding period last year.
He noted that the petrochemical industry continues to operate in a dynamic environment influenced by global market conditions, feedstock prices and demand trends.
Going forward, the company will focus on strengthening operational efficiency, maintaining cost discipline and responding to evolving customer requirements.