Vipul Organics Limited, a BSE-listed leading specialty chemicals company in the pigments and dyes segment, has announced its Quarter 2 results for FY 2023-24.
The total revenues in Q2 of 2023-24 stood at Rs. 3,660.19 lakh, marginally up by 1% as compared to Q1 of 2023-24. Profit before tax (PBT) for Q2 of 2023-24 stood at Rs. 107.09 lakh, up 52.81% from Q1 of the same financial year. Profit before tax (PAT) for Q2 of 2023-24 stood at Rs. 99.1 lakh, up 98.16 % from Q1 of 2023-24.
Vipul Shah, managing director, Vipul Organics
Commenting on the results, Vipul Shah, managing director, Vipul Organics, said: “We are witnessing an uptick in demand in our conventional sectors which, we are confident, will translate into revenues in the next few quarters. Our diversification into newer categories has seen a positive response from the industry and we see these initiatives making significant contribution to our topline in the coming years. We have been taking steps to bring about cost rationalization and this has impacted our bottom-line positively”.
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