Manali Petrochemicals Q4 pre-tax profit declines 90% to Rs 3.43 cr

Firm's total income up about 10% to Rs 183 cr; firm cites Covid-19 for profit numbers

Manali Petrochemicals has reported a profit before tax (PBT) of Rs 3.43 crore during the quarter ended March 31, 2020 as against Rs 34.86 crore, a year ago. Total income rose to Rs 183.01 crore from Rs 165.78 crore, a year ago.

Ashwin Muthiah, Chairman, MPL & Founder Chairman, AM International, Singapore said, “The outbreak of Covid-19 led to an unprecedented situation globally. Our team’s resilience ensured that we continue to serve our customers even in such an extraordinary time alongside taking care of the health