The company’s profit after tax (PAT) for Q1 of 2024-25 was Rs 11.39 million on a standalone basis.
Vipul Organics, the Specialty Chemicals company in the pigments and dyes segment, announced their Q1 results for FY 2024-25.
In the year-on-year comparison, Vipul Organics reported total revenues of Rs. 381.994 million for the first quarter of 2024-25, showing a slight increase from the same period in 2023-24. The company’s profit after tax (PAT) for Q1 of 2024-25 was Rs 11.39 million on a standalone basis, marking a significant rise of 120.27 per cent compared to Q1 of 2023-24. On a consolidated basis, PAT stood at Rs 11.34 million, reflecting a 119.38 per cent increase year-over-year. The standalone earnings per share (EPS) was 0.88, up 120 per cent from Q1 of 2023-24, while the consolidated EPS rose by 117.5 per cent during the same period.
In the quarter-on-quarter comparison, total revenues for Q1 of 2024-25 were Rs 381.99 million, showing a minor decrease from Q4 of 2023-24. The standalone PAT for Q1 of 2024-25 increased by 6.5 per cent compared to Q4 of 2023-24, reaching Rs 11.39 million. On a consolidated basis, PAT grew by 5.5 per cent to Rs. 11.34 million. The standalone EPS for Q1 of 2024-25 was 0.88, up 3.5 per cent from the previous quarter, while the consolidated EPS increased by 5.65 per cent.
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 per cent 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 full recovery. We are hopeful that with completion of 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 of capacities.”