#MeghmaniFinechem Ltd (MFL),will make a debut in the MSCI India Domestic Small Cap Index. This addition was done as a part of MSCI's semi-annual quarterly index review for the Asia-Pacific region. The new additions to the indices will be effective from November 30, 2022.
Recently, Meghmani Finechem Limited delivered a strong operating and financial performance in line with its commitment to growth. The revenue rose 64% to ₹ 556 Cr on account of high realizations from the majority of its products.
EBITDA increased by 79% to ₹ 180 Cr while maintaining an EBIDTA margin of 32% vs 30% in Q2FY22. In addition, PAT increased by 95% to ₹ 92 Cr, and PAT margin improved by 267 bps for Q2FY23. In H1FY23, MFL commissioned India's 1st Epichlorohydrin plant, India's largest CPVC*
resin plant & an additional capacity of Caustic Soda. All 3 projects were completed within committed timelines & within the CAPEX limit. The co aims to enter into downstream import substitute chemistries where Chlorine, Hydrogen & other chemicals will be used as raw materials.
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