Vipul Organics FY 23-24 standalone revenue up 12.68%; PAT increases 69.31%

Vipul Organics FY 23-24 standalone revenue up 12.68%; PAT increases 69.31%

Q4 revenues up by 27.38% on a YoY basis and PAT up by 193.74%

  • By ICN Bureau | June 02, 2024

Vipul Organics Limited has posted FY 2023-24 net profit of Rs. 33.44 crore as compared to Rs. 19.75 crore in FY 2022-23. During FY 2023-24, the company posted total revenue of Rs. 1,509.93 crore as compared to Rs. 1,339.97 crore.

In Q4 FY 2023-24, Vipul Organics has posted a net profit of Rs. 10.69 crore as compared to Rs. 3.64 crore in 4 FY 2022-23. Total revenue during the quarter was 405.43 crore as compared to 313.36 crore in Q4 FY 2022-23.

Commenting on the results, Vipul P. Shah, Managing Director, Vipul Organics Limited, said: We have witnessed robust growth and margin expansion QoQ and YoY. Our domestic sales are seeing tailwinds and we expect the coming year to be better as we have focussed on new verticals like Paper, Cosmetics and Seed Colouring during the last year. We have also started moving up the value chain by introducing value added products which is reflected in our Margins. Our Exports have picked up despite the Global factors continuing to weigh in. During the year gone by, we did the ground breaking ceremony of our greenfield facility at Sayakha, Gujarat which we hope to complete in FY 2025-26 and this will significantly enhance our manufacturing capacities. We are seeing green shoots in the chemical sector and the company is well poised to take advantage of the uptick in the cycle for Chemical Sector in the coming years”.

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