On a standalone basis:

In the FY 2023-24, Total Revenues increase 12.68%; PAT increases 69.31%

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

Company announces a dividend of 10% on each equity share

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced their annual results.

Some of the key highlights are:

FY Highlights:

· Total Revenues for FY 2023-34 stood at Rs. 15099.30 Lakh, 12.68% up from Rs.13399.73 Lakhs from 2022-2023

· PBT up 68.87% at Rs. 463.88 Lakh in FY 2023-24 on a standalone basis and 69.53% on a consolidated basis

· PAT up by 69.31% at Rs. 334.44 Lakh in FY 2023-24 on a standalone basis and up 78.43% on a consolidated basis.

· Company announces a dividend of 10% on each equity share, amounting to Rs. 1 per share

· EPS expands 68.83% on a standalone basis and 77.24% on a consolidated basis

QoQ Highlights

· Total Revenues for Q4 of 2023-34 stood at Rs. 4054.31, marking an increase of 7.8% from Q3 of 2023-24

· PBT in Q4 2023-34 was up 19.91% from Q3 of FY 2023-24 on a standalone basis and 19.48% on a consolidated basis

· PAT in Q4 2023-34 was up 34.15% from Q3 of FY 2023-24 on a on a standalone basis and up 34.77% on a consolidated basis.

YoY Highlights

· Total Revenues for Q4 of 2023-34 stood at Rs. 4054.31 as against Rs. 3133.64 Lakh, marking an increase of 29.38%

· PBT in Q4 2023-34 was up 192.82% from Q4 of 2022-23 on a standalone basis and 195.18% on a consolidated basis

· PAT in Q4 2023-34 was up 193.74% from Q4 of 2022-23 on a on a standalone basis and up 269.10% on a consolidated basis.

Commenting on the results, Mr. 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 F.Y. 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”.