Vipul Organics reports 34.88% growth in revenue

On YoY basis, the company’s total revenues in Q3 of 2023-24 stood at Rs 3,761-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 mine months ended 31 December 2023 stood at Rs 11,044.99-lakh, up 7.59% from the nine months ended on 31 December 2022. Total PAT for nine months ended 31 December 2023 was up 43.36% on a consolidated basis and 41.20% on a standalone basis.

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 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.”