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Vipul Organics announces Q2 results for FY 2024-25
Industry News- Nov 19,24
Profit Before Tax (PBT) reached Rs 17.64 million, marking a significant rise of 64.72 % from the previous year's Q2.
Vipul Organics, the specialty chemicals company in the pigments and dyes segment, announced its Quarter 2 results for FY 2024-25. The company's total revenues for Q2 of 2024-25 stood at Rs 394.312 million, reflecting a 7.7 % increase from Q2 of 2023-24. EBITDA for the same period was Rs 38.552 million, showing a 30 % growth compared to Q2 of 2023-24. Profit Before Tax (PBT) reached Rs 17.64 million, marking a significant rise of 64.72 % from the previous year's Q2. Additionally, Profit After Tax (PAT) for Q2 of 2024-25 stood at Rs 10.606 million, up by 7.02 % from Q2 of 2023-24.
Commenting on the results, Vipul Shah, Managing Director, Vipul Organics, said, “Chemical Industry is going through a slightly rough patch with increasing input, labour and logistics cost but we feel that this is temporary and with the global markets stabilising, the trend will reverse. To protect ourselves from the vagaries of the global geo-political situation, which has been a worry for the last few years, we have started to develop a strong domestic market and this is witnessed in our topline growth, despite challenges. Our capex will also start showing results within the next two quarters and our outlook is really positive”.
Vipul Organics 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 a greenfield facility coming up at Sayakha in Gujarat and has a global footprint in over 50 countries. Vipul Organics ended the financial year 2023-24 with revenues of Rs 15.1 million.
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