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Indian firm MX Africa Limited has signed a deal to acquire the balance of a 49 percent stake in Quantum Lubricants Limited.

Vadodara (Gujarat) [India], August 19 (ANI/PRNewswire): The Vadodara-based Maximus International Limited (MIL) has clocked a consolidated net profit after tax (PAT) of Rs 21.3 million in the April-to-June quarter of this fiscal (Q1 FY 23). This is a 96 per cent vault from the Rs. 10.9 million PAT registered by the company in the same period last fiscal (Q1 FY 22). The company's profit before tax (PBT) for the same period stood at Rs 24.5 million, up from Rs. 11.6 million in the same period a year-ago (Q1 FY 22) on a consolidated basis. The company's EBITDA grew to over Rs. 30 million i...

Mumbai (Maharashtra) [India], July 19 (ANI/PNN): Maximus International Limited (MIL) has drawn up an over Rs 25-crore expansion plan for East African operations, over the next 2-3 years

MIL is a leading player in the lubricants manufacturing and distributing space with a strong presence in Africa and the Middle East. MIL operates in Kenya and other African markets through its step-down subsidiary Quantum Lubricants EA Ltd (QLL)

Vadodara (Gujarat) [India], July 15 (ANI/PRNewswire): Maximus International Limited (MIL) has drawn-up an over Rs 25-crore expansion plan for East African operations, over the next 2-3-years.