Image: Vipul Organics

Vipul Organics Announces Q3 Results for FY 2023-2024

Press Release

14 Feb 2024

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”.