Vipul Organics announces Q2 results for FY 2023-2024

The company’s PAT is up by 98.16% on a Q-o-Q basis and up by 142.83% on Y-o-Y basis.

Vipul Organics, the specialty chemicals company in the pigments and dyes segment, announced their Quarter 2 results for FY 2023-24.

The total revenues of Vipul Organics 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

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 rationalisation and this has impacted our bottom-line positively.”

Vipul Organics is amongst the foremost manufacturers of pigments, dyestuff, lake colours and pigment intermediaries / fast salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has global footprint in over 50 countries.