Manali Petrochemicals Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2025.
MANALIPETC · price
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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.8 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with auditors issuing an unmodified opinion. On a standalone basis, FY25 revenue from operations fell to Rs. 64,751 lakhs from Rs. 79,763 lakhs a year earlier, and the company reported a net loss of Rs. 874 lakhs (slightly better than the Rs. 925 lakhs loss in FY24). Consolidated revenue declined to Rs. 89,712 lakhs from Rs. 1,03,235 lakhs, but consolidated profit after tax grew to Rs. 2,931 lakhs from Rs. 1,921 lakhs on the back of subsidiaries. The board recommended a dividend of Rs. 0.50 per share (10%) on the Rs. 5 face value, subject to shareholder approval. The auditor flagged two emphasis-of-matter items: an expired leasehold land renewal (pending since June 2017) for Unit-II, and Rs. 1,870 lakhs in insurance claims receivable tied to Cyclone Michaung flood damage still under assessment.
Mixed picture for shareholders — standalone business continues to bleed with a second consecutive yearly loss and sharply negative operating cash flow (Rs. -5,465 lakhs), though the small dividend signals management confidence. Consolidated results are healthier thanks to subsidiaries, but unresolved lease renewal and insurance claim uncertainties remain overhangs on the stock.