Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturing company and part of AM International, Singapore, has reported Q3 FY25 consolidated income of Rs. 200.49 crore and 9M FY25 consolidated income of Rs. 683.3 crore.

During the quarter under review, the total income on standalone basis was Rs. 144 crore as against Rs. 160 crore for the previous quarter and incurred a loss Rs. 3.6 crore as against loss of Rs. 14.08 crore for the previous quarter.

The company through its cost optimization, product mix and other measures have reduced the impact of loss during the quarter under review as compared to previous quarter, although the margin and revenue continued to be affected on account imported materials at cheaper prices. The favourable operational performance of the overseas subsidiaries continued to support the financial performance of the company on a consolidated basis.

Ashwin Muthiah, Chairman, MPL and Founder Chairman, AM International, Singapore said, "Our performance continues to be impacted by macro-economic challenges, particularly unhindered imports from neighbouring countries, which put domestic industries without tariff protection at a disadvantage. However, we have strengthened internal efficiencies and operational performance, narrowing standalone losses. Looking ahead, we expect continued progress, supported by our overseas subsidiaries, which have contributed to overall profitability and expanded our product portfolio. We have also reinforced our leadership team at the board level and aligned work responsibilities more strategically. Our ESG commitment will be a key competitive advantage in the long run, particularly in using carbon-neutral technologies, products, and raw materials."

R. Chandrasekar, Managing Director & CEO, MPL Group said, “I welcome my senior colleagues to the board and look forward to a strong partnership in driving the company forward. As we navigate challenges from cheap imports and oversupply, the strategy of moving up the value chain with cleaner product solutions will position us well for long-term resilience. This quarter, our focus on cost and operational efficiencies has led to a significant reduction in standalone losses. Our international subsidiaries have contributed to profitability, and proposed expansion in Asian and Indian markets, will further strengthen our portfolio and enhance value."