Vipul Organics’ annual results for FY23 shows increased sales by 35% Y-o-Y

  • Industry News
  • Jun 06,23
Vipul Organics, the Specialty Chemicals company in the pigments and dyes segment, announced their annual results. Total Revenues marginally up despite multiple headwinds. On a standalone QoQ basis, Q4 revenues up by 12.37%, PAT up by 181%.
Vipul Organics’ annual results for FY23 shows increased sales by 35% Y-o-Y

Vipul Organics, the Specialty Chemicals company in the pigments and dyes segment, announced their annual results. The total revenue of the company stood at 13,399.73 lakh, marginally up from Rs.13,386.44 lakh from 2021-2022. The Q4 Q-o-Q revenues up by 12.37% and PAT up by 181% due to focus on value added products and increased sales in the domestic market. Domestic sales increased by over 35% Y-o-Y to Rs.44.75 crore from Rs.33.11 crore. Vipul Organics also announced a dividend of 9% on each share.

Commenting on the results, Vipul P Shah, Managing Director, Vipul Organics, said, “Financial year 2022-23 was a challenging one for us as well as the entire chemical industry with multiple headwinds. We have taken steps to derisk our business from Global turbulence by increasing our Domestic business and bringing Value added products. Today over 30% of our top line comes from Domestic markets.” 

Speaking on the future outlook for Vipul Organics, Shah added, “We are in the process of creating a pan india footprint for our products by strengthening our distribution network. we have increased our production capacities and entered new verticals like paper, special applications, etc. While we are seeing green shoots in the economy in India as well as globally, the challenges remain. We are all geared up to take advantage of the improvement in macroeconomic factors. We are hopeful that the coming year will be better and we will be back to a growth rate of 15-20%.”

With increased focus on domestic markets, Vipul Organics aspires to be a truly global company with the ability to service export markets as well as the booming domestic markets with the best in category Pigments and Dyes for varied colouring usage across sectors.

Related Stories

Process Equipment
Vipul Organics bags pigment dyes supply order from Tamil Nadu Newsprint and Paper

Vipul Organics bags pigment dyes supply order from Tamil Nadu Newsprint and Paper

Vipul Organics ventured into Paper Dyes in 2022, after spending 18 months on product innovation. SunPulp Dispersions and SunDirect Dyes are a result of the painstaking R&D into the segment and have ..

Read more
Process Equipment
Vipul Organics announces Q3 results for FY 2023-2024

Vipul Organics announces Q3 results for FY 2023-2024

Total Revenues in Q3 of 2023-24 stood at Rs 3761 Lakh, up 34.88% from Q3 of 2022-23.

Read more
Other Industrial Products
Vipul Organics announces PAT is up by 98.16% on a Q-o-Q basis in Q2 results

Vipul Organics announces PAT is up by 98.16% on a Q-o-Q basis in Q2 results

The total revenues of Vipul Organics 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.

Read more

Related Products

High Pressure Chemical Reactor

Chemical Equipment and Machinery

Karadani Engineering Pvt Ltd offers a wide range of high pressure chemical reactor

Read more

Request a Quote

Vacuum Formed Seat Back Cover

Chemical Equipment and Machinery

Ace Engineering & Chemicals Private Limited offers a wide range of vacuum formed seat back cover

Read more

Request a Quote

Jig Saws Machine

Chemical Equipment and Machinery

Caple Industrial Solutions offers a wide range of jig saws machine.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back