The company We will launch an additional five molecules by the close of FY24
Anupam Rasayan India Ltd., one of India’s leading custom synthesis and specialty chemical player, has announced its financial results for the quarter and half year ended September 30, 2023. The company reported consolidated total revenue for Q2FY24 at Rs. 395.6 crore as compared to Rs. 383.1 crore in Q2FY23; up 3% YoY.
EBITDA (incl. other income) was at Rs.110.9 crore in Q2Y24 as compared to Rs.101.2 crore in Q2FY23 - growth of 10% YoY, this would translate into 28% EBITDA margin in this quarter.
Profit After Tax was at Rs. 48.7 crore in Q2FY24 as compared to Rs.47.8 crore in Q2FY23 - growth of 2% YoY.
For the Half Year ended September 30, 2023, Anupam Rasayan India posted consolidated total revenue at Rs. 794.4 crore as compared to Rs. 729.9 crore in H1FY23; up 11% YoY.
EBITDA (incl. other income) was at Rs.224.7 crore in H1FY24 as compared to Rs.190.4 crorein H1FY23 - growth of 18% YoY, this would translate into 28% EBITDA margin.
Profit After Tax was at Rs 100.9 crore in H1FY24 as compared to Rs. 89.8 crore in H1FY23 - growth of 12% YoY.
Speaking on the performance, Anand Desai, Managing Director, Anupam Rasayan commented, “Amidst the challenging external environment, I am happy that we have been able to hold our ground and deliver some growth. Our total revenue for the first half of FY24 reached Rs. 794.4 crore, reflecting a robust year-over-year growth of 11%. Our strong margins at 28% for H1FY24, are a testament to our unique business model.
During this quarter, we successfully launched three new molecules, bringing the total to five by the end of H1 FY24. We will launch an additional five molecules by the close of FY24. In a bid to balancing our carbon emissions and making significant strides towards achieving energy neutrality by 2027, we have also signed three MoUs with the Government of Gujarat for afforestation.
“We are seeing a resurgence in demand, which instills confidence of delivering growth in coming quarters. This bolsters our confidence in achieving consistent growth and maintaining our margin profile. We remain steadfast in our pursuit of growth, sustainability, and contributing positively to the environment.”
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