Meghmani Finechem net up 151%

Ahmedabad:

Meghmani Finechem

Ltd on Monday announced its profit after tax grew 151% in FY22 at Rs 253 crore, backed by higher realisation and improved operational performance. The company’s revenues from operations stood at Rs 1,551 crore during the fiscal.“The overall plant utilisation increased to 87% in FY22, against 81% in FY21. Of this, the production of hydrogen peroxide grew 21%. The realisation of caustic soda and caustic potash ECU went up by 74% and 27% respectively,” a company statement said.“This has been a landmark year for

MFL

. We made a debut on the stock exchange in August 2021. We have delivered record financial performance. Our strong operational efficiency allowed us to maintain margins even with the inflationary pressure,” said Maulik Patel, CMD of the firm. tnn