Meghmani Finechem Ltd (MFL) has posted net profit of Rs. 69.73 crores for the period ended December 31, 2021 as against net profit of Rs. 47 crores for the period ended September 30, 2021. It posted net profitof Rs.24.57 crores for the period ended December 31, 2020.

Meghmani Finechem has reported total income of Rs. 421.87 crores during the period ended December 31, 2021 as compared to Rs. 341.88 crores during the period ended September 30, 2021. The company reported total income of Rs. 222.1585 crores during the period ended December 31, 2020.

For the 9 months ended December 31, 2021, Meghmani Finechem has reported total income of Rs.1054.28 crores as compared to Rs.572.26 crores during the 9 Months period ended December 31, 2020.

Commenting on the results, Maulik Patel, CMD, MFL said: We are glad to report a good performance during the quarter. We have achieved the highest ever topline for 9 months of ₹ 1,052 Cr. The commissioning and optimal utilisation of CMS & H2O2 drove our revenue & profit growth. The investments undertaken in the last couple of years for diversification of products continue to drive growth and increase our competitiveness.

The forward & backward integration expansion plan covering ECH, CPVC, Caustic soda and Captive power is progressing as per plan and will be commissioned as per schedule. We are simultaneously ensuring a sound financial, healthy cash generation and strong liquidity to ensure that we continue to meet all our obligations and commitments timely.

Further in line for continuous growth we have announced our expansion in Chlorotoluene & its value chain and setting up R&D facility, this will help to further strengthen our fully integrated complex. We continue to move forward in our strategic direction of scalability, strengthening integration & achieving lowest cost of operations."

The company has posted net profit of Rs.153.69 crores for the 9 months period ended December 31, 2021 as against net profit of Rs.68.07 crores for the 9 months period ended December 31, 2020.