Revenues: both on a standalone and combined basis, YoY increased somewhat;
Earnings: Year-over-year PAT Up 119.38% on a consolidated basis and up 120.27% on a standalone basis
The BSE-listed Vipul Organics Limited, a prominent specialty chemicals firm in the pigments and dyes sector (VIPULORG / 530627), has released its Q1 FY 2024–2025 results.
Among the main points of emphasis are:
Results Year over Year:
Revenues during the first quarter of 2024–25 was Rs. 3,819.94 Lakh, a little increase over Q1 2023–24.
The preliminary accounting total (PAT) for the first quarter of 2024–25 was Rs. 113.90 Lakh, up 120.27% from Q1 of 2023–24, and Rs. 113.44 Lakh on a consolidated basis, up 119.38% from Q1 of 2023–24.
The standalone EPS was 0.88 per share, increasing 120% from the 2023–24 Q1 and 117.5% from the Q1 2023–24 consolidated basis.
Results Quarter by Quarter
Revenues for the first quarter of 2024–25 was Rs. 3,819.94 Lakh, a little decrease from Q4 of 2023–24.
PAT increased 6.5% from Q4 of 2023–24 to Rs. 113.90 Lakh on a standalone basis and 5.5% from Q4 of 2023–24 to Rs. 113.44 Lakh on a consolidated basis for the first quarter of 2024–25.
With a 3.5% increase from Q4 of 2023–24 and a 5.65% increase on a consolidated basis, standalone EPS was recorded at 0.88 per share.
Quick financial overview:
Results every quarter (YoY)
(Rupees in lakhs, EPS excluded)
Quarterly Performance: (QoQ)
(Rupees in lakhs, EPS excluded)
Mr. Vipul P. Shah, Managing Director of Vipul Organics Limited, comments on the outcomes, saying: “Over the past year, our push into value-added products and newer verticals has seen an expansion in Margins.” Our profits from the previous year have increased by almost 100%, which is indicative of this. Our main finding is that the chemical industry is still benefiting from its newfound dynamism; this was mostly because of the general elections’ hangover and the whole budget. The global markets have not yet fully recovered. We anticipate that the global economic recovery will start when the US and other major European economies complete their elections by the fourth quarter of FY2024–2025, and that we will be in a great place with our expansion and capacity additions.
Concerning Vipul Organics Ltd.:
Leading specialty chemicals firm in the pigments and dyes market is Vipul Organics Limited, which is listed on the BSE under the ticker VIPULORG / 530627). It is currently one of the nation’s top producers of pigments, dyestuff, lake colors, and pigment intermediaries/fast salts. Its three production plants are dispersed throughout Maharashtra, and it is present in more than 50 countries worldwide. Vipul Organics had revenues of Rs. 151 crore at the conclusion of the 2023–24 fiscal year.