Net profit of Manali Petrochemicals declined 11.53% to Rs 21.25 crore in the quarter ended March 2020 as against Rs 24.02 crore during the previous quarter ended March 2019. Sales rose 20.57% to Rs 236.78 crore in the quarter ended March 2020 as against Rs 196.38 crore during the previous quarter ended March 2019.

For the full year,net profit declined 29.57% to Rs 53.77 crore in the year ended March 2020 as against Rs 76.35 crore during the previous year ended March 2019. Sales declined 0.89% to Rs 803.05 crore in the year ended March 2020 as against Rs 810.25 crore during the previous year ended March 2019.

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Net profit of Manali Petrochemicals declined 45.44% to Rs 11.55 crore in the quarter ended March 2020 as against Rs 21.17 crore during the previous quarter ended March 2019. Sales rose 11.41% to Rs 182.51 crore in the quarter ended March 2020 as against Rs 163.82 crore during the previous quarter ended March 2019.

For the full year,net profit declined 40.93% to Rs 38.64 crore in the year ended March 2020 as against Rs 65.41 crore during the previous year ended March 2019. Sales declined 3.63% to Rs 676.64 crore in the year ended March 2020 as against Rs 702.12 crore during the previous year ended March 2019.

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Manali Petrochemicals announced that the Board of Directors of the Company at its meeting held on 16 June 2020, has recommended a Final dividend of Rs.0.75 per share (i.e.15%), subject to the approval of the shareholders.

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Manali Petrochemicals will hold a meeting of the Board of Directors of the Company on 16 June 2020.

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