Meghmani Finechem: June ’22 Results Update
Moneylife Digital Team 27 July 2022
Meghmani Finechem Ltd (MFL) continued its growth momentum in Q1FY22-23 as well. Revenue jumped by 84% y-o-y (year-on-year) and 7% q-o-q (quarter-on-quarter) to Rs533 crore, primarily led by higher realisations. Volume grew 5% y-o-y due to higher capacity utilisation and better demand. Overall utilisation increased to 94% in Q1FY22-23 against 87% in Q1FY21-22.
Caustic soda realisation was up...
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