Vipul Organics’s profits up in Q1FY24-25

In year-on-year results, total revenues in Q1 of 2024-25 stood at Rs 3,819.94-lakh, marginally up from Q1 of 2023-24. PAT 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. 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.

In quarter-on-quarter results, total revenues in Q1 of 2024-25 stood at Rs 3,819.94-lakh, 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. Standalone EPS stood at 0.88 per share, up 3.5% from Q4 of 2023-24 and up 5.65% on a consolidated basis from Q4 of 2023-24.

Vipul P Shah, managing director, Vipul Organics, said: “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% 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 the full recovery. We are hopeful that with the completion of the US and other major European economies elections by the fourth quarter of FY 2024-25, the global economic recovery should begin and we should be in a sweet spot with our expansion and addition of capacities.”