Vipul Organics announces Q2 results for FY 2022-2023

17 Nov 2022

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced their Quarter 2 results for FY 2022-23.

 
Some of the key highlights are:
 
  • Total Revenues in Q2 of 2022-23 stood at Rs. 3,684.22 Lakh, up 17.88% from Q2 of 2021-22
  • Total Revenues in Half Year Ended 30th September 2022 stood at 7,477.60, up 16.88% from the Half year ended on 30th September 2021
  • PAT stood at Rs. 42.10 Lakh on a standalone basis and Rs. 41.71 Lakh on a consolidated basis


Financials at a glance:
 

Quarterly results (YoY)
 

(Rupees in Lakhs except EPS)

  Q2, 2022-23 Q2, 2021-22
  Standalone Consolidated Standalone Consolidated
Total Revenue 3,684.22 3,684.22 3,125.44 3,125.44
EBDITA 53.02 52.62 225.85 225.30
PAT 42.10 41.71 167.49 166.97
EPS 0.32 0.32 1.48 1.47

Quarterly Results: (QoQ)
 

(Rupees in Lakhs except EPS)

  September 30, 2022 September 30, 2021
  Standalone Consolidated Standalone Consolidated
Total Revenue 3,684.22 3,684.22 3,793.38 3,793.38
EBDITA 53.02 52.62 153.15 152.85
PAT 42.10 41.71 106.08 105.78
EPS 0.32 0.32 0.87 0.87

Half Year Ended
 

(Rupees in Lakhs except EPS)

  September 30, 2022 September 30, 2021
  Standalone Consolidated Standalone Consolidated
Total Revenue 7,477.60 7,477.60 6,397.54 6,397.54
EBDITA 206.17 204.47 431.82 430.95
PAT 148.19 147.49 324.17 323.30
EPS 1.14 1.14 2.85 2.85

Commenting on the results, Mr. 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”

 

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