Revenues: 34.88% growth in a YoY basis
PAT: 650.19% growth on a consolidated basis and 517.54% on a standalone basis
Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced their Quarter 3 results for FY 2023-24.
Some of the key highlights are:
- On a Year on Year (YoY) basis:
- Total Revenues in Q3 of 2023-24 stood at Rs. 3761 Lakh, up 34.88% from Q3 of 2022-23
- Total PAT in Q3 of 2023-24 was up 650.19% from Q3 of 2022-23 on a consolidated basis and up 517.54% on a standalone basis
- Total Revenues in Nine Months Ended 31st December 2023 stood at Rs. 11044.99 Lakh, up 7.59% from the Nine Months ended on 31st of December 2022
- Total PAT for Nine Months ended 31st December 2023 was up 43.36% on a consolidated basis and 41.20% on a standalone basis
Financials at a glance: (Rupees in Lakhs except EPS)
Quarterly results (YoY)
| Q3, 2023-24 | Q3, 2022-23 | |||
| Standalone | Consolidated | Standalone | Consolidated | |
| Total Revenue | 3761 | 3761 | 2788.49 | 2788.49 |
| PBT | 130.49 | 130.25 | 15.18 | 14.57 |
| PAT | 79.91 | 79.67 | 12.94 | 10.62 |
| EPS | 0.62 | 0.62 | 0.10 | 0.06 |
Quarterly Results: (QoQ)
| Q3, 2023-24 | Q2, 2023-24 | |||
| Standalone | Consolidated | Standalone | Consolidated | |
| Total Revenue | 3761 | 3761 | 3660.19 | 3660.19 |
| PBT | 130.49 | 130.25 | 107.09 | 106.84 |
| PAT | 79.91 | 79.67 | 99.84 | 99.59 |
| EPS | 0.62 | 0.62 | 0.78 | 0.78 |
9 Months Ended
| December 31, 2023 | December 31, 2022 | |||
| Standalone | Consolidated | Standalone | Consolidated | |
| Total Revenue | 11044.99 | 11044.99 | 10,266.09 | 10,266.09 |
| PBT | 307.66 | 306.80 | 221.35 | 220.04 |
| PAT | 227.52 | 226.66 | 161.13 | 158.11 |
| EPS | 1.77 | 1.76 | 1.26 | 1.22 |
Commenting on the results, Mr. Vipul Shah, Managing Director, Vipul Organics Limited, said: “The green shoots in the economy are reflected in our results. We are back on our growth trajectory, post the economic shocks of Covid. In this quarter, we also lay the foundation stone for our new facility at Sayakha which will be revenue accretive from F.Y. 2025-26. While global macro-economic factors are still a concern, we are seeing a robust demand for our products in the domestic market. Our newer offerings in sectors like Paper and Textiles are seeing huge traction and we are hoping for orders in the coming quarters”.
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.