Vipul Organics, a leading specialty chemicals company in the pigments and dyes segment, announced their annual results for FY23-24. The total revenue in for FY23-24 moved up by 12.68% from that of FY22-23. Whereas the PAT is 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 PBT is up 68.87% at Rs. 463.88 Lakh in FY 2023-24 on a standalone basis and 69.53% on a consolidated basis.
The company announced a dividend of 10% on each equity share, amounting to Rs. 1 per share. EPS expands 68.83% on a standalone basis and 77.24% on a consolidated basis
Total revenue on a Y-o-Y basis for Q4 of 2023-34 stood at Rs. 4054.31 as against Rs. 3133.64 Lakh, marking an increase of 29.38%. PAT in Q4 2023-34 was up 193.74% from Q4 of 2022-23 on a on a standalone basis and up 269.10% on a consolidated basis.
Revenue in QoQ basis for Q4 of 2023-34 stood at Rs. 4054.31, 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.
Commenting on the results, Vipul Shah, managing director, Vipul Organics, said, “We have witnessed 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 coloring 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 ground breaking ceremony of our greenfield facility at Sayakha, Gujarat which we hope to complete in F.Y. 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 chemical sector in the coming years”.
