Vipul Organics announces Q2 results for FY 2023-2024

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced their Quarter 2 results for FY 2023-24.

 Some of the key highlights on Standalone basis are:

• Total Revenues in Q2 of 2023-24 stood at Rs. 3,660.19 Lakh, marginally up (1%) from Q1 of 2023-24
• PBT for Q2 of 2023-24 stood at Rs. 107.09 Lakh, up 52.81% from Q1 of 2023-24
• PAT for Q2 of 2023-24 stood at Rs. 99.1 Lakh, up 98.16 % from Q1 of 2023-24

 Commenting on the results, Mr. Vipul Shah, Managing Director, Vipul Organics Limited, said: “We are witnessing an uptick in demand in our conventional sectors which, we are confident, will translate into revenues in the next few quarters. Our diversification into newer categories has seen a positive response from the industry and we see these initiatives making significant contribution to our topline in the coming years. We have been taking steps to bring about cost rationalisation and this has impacted our bottom-line positively”.

 Financials at a glance:

Quarterly Results: (QoQ)             

                                                            (Rupees in Lakhs except EPS)

	Q2, 2023-24	Q1, 2023-24
	Standalone	Consolidated	Standalone	Consolidated
Total Revenue	3,660.19	3,660.19	3,623.8	3,623.8
PBT	107.09	106.84	70.08	69.71
PAT	99.10	98.96	50.01	49.81
EPS	0.73	0.77	0.40	0.40

 

Quarterly results (YoY)                

                                                            (Rupees in Lakhs except EPS)

	Q2, 2023-24	Q2, 2022-23
	Standalone	Consolidated	Standalone	Consolidated
Total Revenue	3,660.19	3,660.19	3,684.22	3,684.22
PBT	107.09	106.84	53.02	52.62
PAT	99.10	98.96	40.81	40.59
EPS	0.73	0.77	0.32	0.32

 

Half Year Ended                 

                                                            (Rupees in Lakhs except EPS)

	September 30, 2023	September 30, 2022
	Standalone	Consolidated	Standalone	Consolidated
Total Revenue	7,283.99	7,283.99	7,477.60	7,477.60
PBT	177.17	176.55	206.17	205.47
PAT	145.17	144.82	145.86	145.47
EPS	1.13	1.13	1.14	1.14

 

About Vipul Organics Limited:

Vipul Organics Limited is a BSE Listed (VIPULORG / 530627) leading Specialty Chemicals company in the Pigments and Dyes segment. Today, it is amongst the foremost manufacturers of Pigments, Dyestuff, Lake Colours and Pigment Intermediaries / Fast Salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has global footprint in over 50 countries. Vipul Organics ended the financial year 2022-23 with revenues of Rs.134 Crore.

For more information, please visit: www.vipulorganics.com

SAFE HARBOUR STATEMENT:

This release may include certain ‘forward looking statements’, based on current expectations, forecasts and assumptions within the meaning of applicable laws and regulations. They are subject to risks and uncertainties which could cause actual outcomes and results to differ materially from these statements. The Company disclaims any obligation to revise any forward-looking statements.

For Media/Analyst enquiries:

Sunil Kumar Singh

Finese PR

+91-11-27013586 / 27018630 / 27022460

+91 9818363518 / +91 8527973095

sunil@finesepr.com / vo@finesepr.com