Vipul Organics announces Q1 results for FY 2024-2025
Vipul Organics, a leading specialty chemicals company in the pigments and dyes segment, announced its Q1 results for FY 2024-25. On a year-on-year basis, the total revenue in Q1 of 2024-25 stood at Rs. 3,819.94 lakh (Rs 38.19 crore), marginally up from Q1 of 2023-24.
The PAT (profit after tax) for Q1 of 2024-25 stood at Rs. 113.90 lakh on a standalone basis, up 120.27% from Q1 of 2023-24, and Rs. 113.44 lakh on a consolidated basis, up 119.38% from Q1 of 2023-24. The standalone EPS stood at 0.88 per share, up 120% from Q1 of 2023-24 and up 117.5% on a consolidated basis from Q1 of 2023-24.
Total revenue on a Q-o-Q basis in Q1 of 2024-25 stood at Rs. 3,819.94 lakh (Rs 38.19 crore), marginally down from Q4 of 2023-24. PAT for Q1 of 2024-25 stood at Rs. 113.90 lakh on a standalone basis, up 6.5% from Q4 of 2023-24, and Rs. 113.44 lakh on a consolidated basis, up 5.5% from Q4 of 2023-24
Commenting on the results, Vipul P Shah, managing director, Vipul Organics, says, “Our thrust into value-added products and newer verticals has seen an expansion in margins over the last year. This is visible from the over 100 percent growth in our profits from the last year. Our topline is still to see the benefits of the green shoots in the chemical sector, this was primarily due to the overhang of the general elections and full budget. International markets are still to see a full recovery. We are hopeful that with the completion of the US and other major European economies elections by the 4th quarter of F.Y. 2024-25, the global economic recovery should begin and we should be in a sweet spot with our expansion and addition of capacities”.
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