Vipul Organics revenue up marginally
Vipul Organics, a specialty chemicals company in the pigments and dyes segment, has announced its Q2 results for FY 2023-24.
20 Nov 2023 | By Charmiane Alexander
The company's diversification into newer categories has seen a positive response from the industry
Total revenues in Q2 of 2023-24 stood at Rs 3,660.19-lakh, marginally up (1%) from Q1 of 2023-24. PBT for Q2 of 2023-24 stood at Rs 107.09–lakh, up 52.81% from Q1 of 2023-24. 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, 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 a significant contribution to our topline in the coming years. We have been taking steps to bring about cost rationalisation and this has impacted our bottomline positively.”
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