Vipul Organics Limited, leading Specialty Chemicals company in the pigments and dyes segment, announced that total revenues in Q2 of 2022-23 stood at Rs. 3,684.22 Lakh, up 17.88% from Q2 of 2021-22. PAT stood at Rs. 42.10 Lakh on a standalone basis and Rs. 41.71 Lakh on a consolidated basis.

Commenting on the results, Vipul Shah, Managing Director, Vipul Organics Limited, said: “The Global Macro Economic environment continues to be challenging and has been impacting our topline. We have been trying to deleverage ourselves by increasing focus on Indian business. To this effect we have been strengthening our team size across domains and this is also reflected in the increase in our employee costs. The input costs remain high for which we are in the process of backward integration. The beneficial results of these steps should start reflecting in the near future. We are confident that we are on the right track for growth”