[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-manali-petrochemicals-sees-revenue-of-inr-334-crore":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},452,"Manali Petrochemicals Sees Revenue of INR 334 Crore","manali-petrochemicals-sees-revenue-of-inr-334-crore","Manali Petrochemicals reports FY23 financial results, highlighting global market challenges, strategic shifts, and dividend plans.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002Fshutterstock_321450221.jpg\" alt=\"\" width=\"182\" height=\"133\">Manali Petrochemicals Ltd, a leading petrochemical manufacturing company and part of AM International, Singapore, announced its Quarterly and Annual Audited financial results for the Q4 and YE FY23 recently. During the quarter ended March 31, 2023, revenue on a standalone basis was INR 266 crore and net profits were INR 1.33 crore. For the year ended March 31, 2023, revenue and profits were INR 1033 crore and INR 51 crore, respectively. During the quarter ended March 31, 2023, revenue on a consolidated basis was INR 334 crore, with a net loss of INR 0.45 crore. For the year ended March 31, 2023, revenue and profits were INR 1181 crore and INR 50.67 crore, respectively. With the continuing downtrends on global cues, sales and profitability continued to be under pressure during the above period. The board of the company has recommended a dividend of INR 0.75 per share (15 percent) for FY 22-23, subject to the approval of the members.\u003C\u002Fp>\r\n\u003Cp>Against this backdrop, Ashwin Muthiah, Chairman, Manali Petrochemicals Ltd, and Founder Chairman, AM International, Singapore, stated, “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 has impacted the bottomline. However, we are looking at improving our operational efficiencies and focusing on margin improvements.”\u003C\u002Fp>\r\n\u003Cp>To this, Ravi, MD, Manali Petrochemicals Ltd, and CEO, Petrochemicals Division, AM International Group, added, “Our recent acquisitions will see the introduction of green technology in India and Asian markets, which will enhance our customer offerings in a value-added manner. The performance got affected due to the continuous increase in input costs and global southward volatility in selling prices.”\u003C\u002Fp>\r\n\u003Cp>For more information: \u003Cstrong>www.manalipetro.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002FsTXtx1zh6usEHGRHL8av.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJune2023\u002FsTXtx1zh6usEHGRHL8av.jpg","2023-06-02T02:17:16+05:30","MWM Desk","News",0,"Manali Petrochemicals reported a consolidated annual revenue of INR 1181 crore for the fiscal year ending March 2023.\nThe company board has recommended a dividend of INR 0.75 per share, pending member approval.\nManagement is focusing on operational efficiencies and green technology to mitigate the impact of global input cost inflation.","Manali Petrochemicals has released its audited financial results for FY23, navigating a challenging global macroeconomic landscape. While higher raw material costs and price volatility have impacted the bottom line, the company remains focused on enhancing operational efficiencies and long-term value creation. Chairman Ashwin Muthiah and MD Ravi emphasized a strategic pivot toward integrating green technology through recent acquisitions to better serve the Indian and Asian markets. Despite the current headwinds, the board has recommended a 15% dividend of INR 0.75 per share for its stakeholders. This marks a critical transition period as the firm looks to balance immediate market pressures with sustainable growth initiatives. #ManaliPetrochemicals #PetrochemicalIndustry #CorporateEarnings #ManufacturingGrowth","Manali Petrochemicals reports FY23 results amidst global market pressures. Focusing on green tech and operational efficiency to drive future growth. #Petrochemicals #BusinessNews","Big updates from the petrochemical sector! 📉 Manali Petrochemicals just released their FY23 audited results. While global market volatility and rising input costs have put pressure on profits, the leadership team is looking ahead with a focus on operational efficiency and new green technology. 🌍 Plus, they’ve recommended a dividend of INR 0.75 per share! 💰 It’s a classic case of navigating short-term challenges while investing in long-term innovation. Stay tuned to MagicWand Media for more industry insights as these sectors evolve! 🚀 #ManaliPetrochemicals #IndustryNews #GreenTech #FinanceUpdate #Manufacturing #MarketTrends #BusinessGrowth",{"title":6,"description":8,"keywords":21},"manali petrochemicals, financial results, petrochemical industry, am international, quarterly earnings, fy23 report, manufacturing sector, operational efficiency, market volatility",{"title":23,"slug":24,"imageUrl":25},"iMerit Study Reveals Data Quality as the Primary Challenge for Successful Artificial Intelligence","imerit-study-reveals-data-quality-as-the-primary-challenge-for-successful-artificial-intelligence","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJune2023\u002Fo3elUyNIrBeLR8YWBODk.jpg",{"title":27,"slug":28,"imageUrl":29},"SmartFactory-KL Elects Dr Detlev Richter to the Board; Bids Farewell to Klaus 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Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! 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