Total income during the quarter declined by 22% year-over-year to Rs 262.63 crore.
Total expenses in the fourth quarter fell by 26% to Rs 249.09 crore, primarily due to lower raw material costs (down 28% YoY) and lower other expenses (down 15% YoY).
Profit before tax in Q4 FY24 stood at Rs 8 crore, which is significantly higher as compared with the PBT of Rs 2.41 crore posted in Q4 FY23. Net tax outgor for the period under review was Rs 6.70 crore as against Rs 2.87 crore in the corresponding period last fiscal.
For FY24, Manali Petrochemical has reported net profit and total income of Rs 19.21 crore (down 62% YoY) and Rs 1,061.51 crore (down 12% YoY), respectively.
"During the year, the company continued to get affected by the dumping of imported materials at cheaper pr...
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