Vipul Organics Limited, leading Specialty Chemicals company in the pigments and dyes segment, announced their financial result Q2 FY 24.

On standalone basis, Vipul posted net sales of Rs 36.53 crore in September 2023 down 0.63% from Rs. 36.76 crore in September 2022. Net Profit for Q2 FY 24 stands at Rs. 1 crore, up 137.15% from Rs. 0.42 crore in September 2022.  EBITDA stands at Rs. 2.96 crore in September 2023 up 10.86% from Rs. 2.67 crore in September 2022.

Commenting on the results, Vipul Shah, Managing Director, Vipul Organics Limited, said: “We are witnessing an uptick in demand in our conventional sectors which, we are confident, will translate into revenues in the next few quarters. Our diversification into newer categories has seen a positive response from the industry and we see these initiatives making significant contribution to our topline in the coming years. We have been taking steps to bring about cost rationalisation and this has impacted our bottom-line positively”.