Vipul Organics, the specialty chemicals company in the pigments and dyes segment, announced their Quarter 3 results for FY 2023-24.

On a Year on Year (Y-o-Y) basis, the company’s 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 December 31, 2023 stood at Rs 11044.99 lakh, up 7.59% from the nine months ended on December 31, 2022.

Commenting on the results, Vipul Shah, Managing Director, Vipul Organics, 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 FY 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”.

Vipul Organics is a 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.