Anupam Rasayan India Ltd. (ARIL), one of India’s leading custom synthesis and specialty chemical players, Q3 FY23 operating revenues reached Rs. 382.7 crore, a growth of 44% Y-o-Y.

Total revenues at Rs. 388.8 crore in Q3 FY23 showing a growth of 43% Y-o-Y and Profit After Tax at Rs. 54.4 crore showing a growth of 44% Y-o-Y.

Anand Desai, Managing Director, Anupam Rasayan said, “I am pleased to inform you that despite unavailability of certain capacities during the quarter, we were able to deliver growth on YoY basis. If you adjust the deferred revenue due to capacity constraints then our growth would have been around 25% during the quarter.

"I am delighted to share that we have received approval to restart the plant from the GPCB and other regulatory authorities after following all the regulatory and safety regulations. This shows our unwavering focus on compliance and maintaining high levels of manufacturing and safety standards, which has helped us get the closure order lifted within a shorter time span," commented Desai.

"We continue to strengthen our business development team as we have a strong pipeline of products to launch in coming quarters. Our customer interactions remain very encouraging, and we have specifically seen strong interest from various customers on the fluorination side," said Desai.

"Overall, our strong pipeline of products, availability of the capacity, advance stage discussion with various clients along with Capex which is moving ahead of the plan makes me confident of delivering strong and sustainable growth in coming quarters and years,” added Desai.

The company caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 71 domestic and international customers, including 27 multinational companies. The company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat and two located at Jhagadia, Bharuch with an aggregate installed capacity of about 27,000 MT as of 31st December 2022. ARIL offers multistep synthesis and undertakes complex chemical reactions technologies, for a diverse base of Indian and global customers.