ET Bureau & AgenciesMeghmani Finechem Ltd Chairman and Managing Director Maulik Patel said, “We have delivered record operating and financial performance for the quarter”. New Delhi: Meghmani Finechem Ltd on Thursday posted a nearly three-fold jump in its net profit to Rs 108 crore in the first quarter of the current fiscal on higher revenue. Net profit stood at Rs 37 crore in the same quarter of the previous year, the company said in a statement. Its total revenue from operations rose 84 per cent to Rs 533 crore during the April-June quarter against Rs 290 crore in the year-ago period. Meghmani Finechem Ltd Chairman and Managing Director Maulik Patel said, “We have delivered record operating and financial performance for the quarter”. The first quarter growth was on account of high realisations and volume growth coming from high efficiency/ capacity utilisation from all the products, he said. The company has commissioned India’s first Epichlorohy...

ETMarkets.com Having reported strong numbers for the quarter ended December, Meghmani Finechem is confident of sustaining the show in the current quarter as well and meeting its guidance for FY23. “We believe that we will end FY23 with a topline of around Rs 2,200 crore and EBITDA margin would be about 28%,” said Maulik Patel, chairman and managing director, in an interview with ETMarkets. Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitEdited excerpts: You have reported a good set of numbers for Q3; how does Q4 look? On a YoY basis, our topline grew by 27% to Rs 538 crore in Q3FY23. This growth is coming from a volume growth of 18%. In Q3, EBITDA grew by 18% to Rs 167 crore and PAT by 11% to Rs 77 crore. Interestingly, we have surpassed FY22 numbers within nine months of FY23. Q4 look...