Manali Petrochemicals announced a sharp rise in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 2.15 times to Rs 147.34 million from Rs 68.58 million in the same quarter last year.
Revenues for the quarter rose marginally 4.47% to Rs 1,698.69 million, compared with Rs 1,626 million for the prior year period.
Operating margin for the quarter stood at 11.98 percent as compared to 7.32 percent for the previous year period. Operating Income for the quarter was Rs 203.54 million, compared with Rs 118.962 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.86, registering 2.15 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 1,698.69 | 1,626.03 | 4.47 |
| Net Profit | 147.34 | 68.58 | 114.84 |
| Diluted EPS | 0.86 | 0.40 | 115.00 |
Shares of the company declined Rs 2.15, or 6.01%, to trade at Rs 33.65. The total volume of shares traded was 2,820,132 at the BSE (3.10 p.m., Wednesday).
