Manali Petrochemicals disclosed a drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 72.69% to Rs 41.37 million from Rs 151.49 million in the same quarter last year.
Revenues for the quarter declined 37.20% to Rs 1,143.77 million, compared with Rs 1,821.42 million for the prior year period.
Operating margin for the quarter stood at 3.50 percent as compared to 11.80 percent for the previous year period. Operating Income for the quarter was Rs 40.06 million, compared with Rs 214.841 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.24, registering 72.73% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 1,143.77 | 1,821.42 | (37.20) |
| Net Profit | 41.37 | 151.49 | (72.69) |
| Diluted EPS | 0.24 | 0.88 | (72.73) |
Shares of the company declined Rs 2.4, or 8.73%, to settle at Rs 25.10. The total volume of shares traded was 317,972 at the BSE (Tuesday).
