Vipul Organics Limited, BSE listed specialty chemicals company in the pigments and dyes segment, has announced their quarter 2 results for FY 2023-24.
Total Revenue for Q2 2023-24 reached Rs. 3,660.19 lakh, showing a marginal 1 per cent increase from the preceding quarter. The Profit Before Tax (PBT) for Q2 2023-24 saw a growth of 52.81 per cent, at Rs. 107.09 lakh. Profit After Tax (PAT) for the same period reached Rs 99.1 lakh with a surge of 98.16 per cent from Q1 2023-24.
The company saw a climb of 42.83 per cent in PAT for Q2 2023-24 compared to the same period in the previous year.
Vipul Shah, Managing Director, Vipul Organics Limited, said, "We are witnessing an uptick in demand in our conventional sectors which 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 a significant contribution to our topline in the coming years."