Manali Petro skims 5% UC

Manali Petrochem posted a good set of earnings for FY21 with net profit coming in at Rs.193 crore, up 5-times from its Rs.39 crore net profit in FY20. This jump in bottomline was on a 36% (YoY) jump in revenue at Rs.935 crore.

Its EBITDA zoomed to Rs.303 crore v/s Rs.72 crore while PBT was up from Rs.25 crore to Rs.257 crore.

This has been the best ever annual performance for the company.

The company ended Q4FY21 with a net profit of Rs.92 crore, a surge of over 7.5 times and this was on a 84% (YoY) jump in revenue at Rs.337 crore.

On a consolidated basis, the company’s revenue crossed Rs.1,000 crore mark at Rs.1,038 crore for FY21 v/s Rs.816 crore in FY20. PAT stood at Rs.201 crore for FY21 v/s Rs.47 crore in FY20.

The stock, which had closed yesterday at Rs.82.15, opened 5% higher today at Rs.86.25, briefly touching its UC of the day and not too far from its 52-week high of Rs.90. Volumes are up almost 4 times.