Vipul Organics revenue up 12.68% for FY23-24

In the report, the total revenues for FY 2023-34 stood at  Rs 15099.30-lakh, 12.68% up from Rs 13399.73-lakhs from 2022-2023. PBT was up 68.87% at Rs 463.88-lakh in FY 2023-24 on a standalone basis and 69.53% on a consolidated basis. PAT was up by 69.31% at Rs 334.44-lakh in FY 2023-24 on a standalone basis and up 78.43% on a consolidated basis.

The company announced a dividend of 10% on each equity share, amounting to Rs 1 per share.

EPS expanded 68.83% on a standalone basis and 77.24% on a consolidated basis.

In quarter-on-quarter highlights, total revenues for Q4 of 2023-34 stood at Rs 4,054.31, marking an increase of 7.8% from Q3 of 2023-24. PBT in Q4 2023-34 was up 19.91% from Q3 of FY 2023-24 on a standalone basis and 19.48% on a consolidated basis. PAT in Q4 2023-34 was up 34.15% from Q3 of FY 2023-24 on a standalone basis and up 34.77% on a consolidated basis.

Vipul P Shah, managing director, Vipul Organics, said, “We have witnessed a robust growth and margin expansion QoQ and YoY. Our domestic sales are seeing tailwinds and we expect the coming year to be better as we have focussed on new verticals like paper, cosmetics and seed colouring during the last year. We have also started moving up the value chain by introducing value-added products which is reflected in our margins. Our exports have picked up despite the global factors continuing to weigh in. During the year gone by, we did the groundbreaking ceremony of our greenfield facility at Sayakha, Gujarat which we hope to complete in FY 2025-26 and this will significantly enhance our manufacturing capacities. We are seeing green shoots in the chemical sector and the company is well poised to take advantage of the uptick in the cycle for the chemical sector in the coming years.”