Manali Petro Q1 net profit more than doubles to Rs 15 crore

CHENNAI: Manali Petrochemicals Ltd posted a profits at Rs 14.73 crore up 115 per cent for the first quarter ending June 30.

The Chennai-based company had registered net profits at Rs 6.85 crore during same period of previous year, Manali Petrochemicals said in a BSE filing.

For the financial year ending March 31, net profit of the company stood at Rs 43.99 crore.

Total income from operations for the June quarter jumped to Rs 169.86 crore from Rs 162.60 crore registered during year ago period.

For the financial year ending March 31, 2015 total income from operations were at Rs 733.12 crore.

Shares of the company ended at Rs 32.25 a scrip, down by 5.01 per cent on BSE.