Latest news with #AshwinMuthiah
The Hindu
2 days ago
- Business
- The Hindu
SPIC Q1 net profit rises to ₹66.71 cr. on operational efficiency, lower input costs
Southern Petrochemical Industries Corporation Ltd reported a consolidated net profit after tax of ₹66.71 crore for the April-June 2025 quarter, aided by operational efficiency and lower input costs, the company said on Sunday (August 17, 2025). The city-based agri-nutrient and fertiliser firm had posted a net profit of ₹62.55 crore in the same quarter of the previous fiscal year. For the financial year ending March 31, 2025, SPIC's net profit stood at ₹155.62 crore. Commenting on the performance, SPIC Chairman Ashwin Muthiah said the Q1 results reflect a buoyant performance with a clear focus on driving higher profitability. "Alongside steady sales growth, the healthy increase in profitability over the previous quarter highlights our emphasis on operational efficiency and reducing input costs," he said in a press release. The company's total income for the quarter rose to ₹798.15 crore from ₹756.37 crore a year ago. For FY25, total income was ₹3,100.25 crore. Mr. Muthiah added that SPIC continues its commitment towards ESG-led (Environment, Social, and Governance) green manufacturing, with a transition to natural gas. "Given the current global geopolitical challenges, we remain focused on staying competitive while prioritising environment and safety, as well as talent development," he said. The Board of Directors, in a recent meeting, recommended a dividend of 20% (₹2 per share) on equity capital for FY24-25, subject to approval by members at the annual general meeting scheduled on September 23 via video conference, the company said.
News18
7 days ago
- Business
- News18
Manali Petro clocks Q1 consolidated PAT at Rs 14.34 cr
Agency: PTI Chennai, Aug 12 (PTI) Manali Petrochemicals Ltd has reported a consolidated profit after tax of Rs 14.34 crore for the April-June 2025 quarter supported by sustained cost optimisation initiatives, the company said on Tuesday. The city-based petrochemical manufacturing company had earned a profit after tax of 13.02 crore during the corresponding quarter of the last financial year. For the year ending March 31, 2025 the profit was at Rs 29.31 crore, Manali Petrochemicals Ltd said. In a statement here, the company said the quarterly performance was supported by sustained cost optimisation initiatives and a strategic product portfolio mix, which helped preserve margins in the face of ongoing revenue pressures caused by the availability of lower-priced imported materials. Commenting on the financial performance, company Chairman Ashwin Muthiah said, 'In spite of continuing external challenges and growing global uncertainty, the company has maintained its topline and margins in line with the previous quarter." 'From driving internal process and cost efficiencies to ensuring customer focus, our goal has been on navigating these times responsibly, " he said. The consolidated total income during the quarter under review stood at Rs 242.69 crore, as against Rs 246.78 crore registered in the year ago period. For the financial year ending March 31, 2025 the total income was Rs 921.63 crore. The robust operational performance of the company's overseas subsidiaries continued to contribute positively to the consolidated financial results, enhancing overall profitability for the April-June 2025 quarter. Ashwin Muthiah added that the company's subsidiaries contributed to overall profitability, validating the opportunistic Mergers and Acquisitions (M&A) strategy. 'Going forward, we will continue to build our product portfolio, delivering eco-friendly solutions while ensuring profitable growth," he said. PTI VIJ VIJ ROH view comments First Published: August 12, 2025, 15:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
Manali Petrochemicals Q4 result: PAT doubles to ₹10.8 cr, income at ₹921 cr
Manali Petrochemicals Ltd has reported a consolidated profit after tax of Rs 10.81 crore for the January-March 2025 quarter, the company said on Wednesday. The city-based company, part of the AM International, Singapore had registered a profit after tax of Rs 5.27 crore during the corresponding quarter of last financial year. For the year ending March 31, 2025 the profit after tax stood at Rs 29.31 crore, the petrochemical manufacturing company said in a statement here. The consolidated total income during the quarter under review surged to Rs 238.34 crore, from Rs 200.49 crore registered in the same period of last financial year. For the full year ending March 31, 2025 the total income was at Rs 921.63 crore, the company said. Commenting on the financial performance, Manali Petrochemicals Ltd Chairman Ashwin Muthiah said, "FY25 closed on a strong note for MPL, with Q4 results reflecting both growth and profitability. Despite global headwinds and ongoing pricing pressure from imports, our performance underscores the strength of our long term strategy, enhancing cost and manufacturing efficiency, expanding premium product offerings and leveraging our global mergers and acquisitions roadmap." "With a continued focus on ESG (Environmental, Social and Governance) across raw material sourcing and product development, we remain committed to sustainable growth and long-term stakeholder value, " he said. Manali Petrochemicals Ltd Managing Director R Chandrasekar said, "Q4 results reaffirm our focus on efficient operations and introducing new products." "Our overseas subsidiaries continue to add value beyond financials strengthening Research and Development, enhancing our product portfolio, and supporting the shift towards greener solutions. We remain committed to sustaining and building on this performance in the future," Chandrasekar, also the CEO, said. The Board of Directors has recommended a dividend of Rs 0.50 per share (10 per cent) for FY 2024-25, subject to the approval of the members, the company said.
