Vipul organics has a global footprint in over 50 countries (unsplash)
Vipul Organics, a BSE-listed leading specialty Chemicals Company in the pigments and dyes segment, recently announced its Quarter 2 results for the financial year 2022-23. The total revenues in Q2 of 2022-23 stood at Rs 3,684.22 lakh, an increase of 17.88% from Q2 results of 2021-22.
Total revenues in the year’s first half ending on 30 September 2022 was Rs. 7,477.60 lakh, an increase of 16.88% from the same period in 2021. Profit after tax stood at Rs. 42.10 lakh on a standalone basis and Rs. 41.71 lakh on a consolidated basis.
The company has been counted among the foremost manufacturers of pigments, dyestuff, lake colors, and pigment intermediaries / fast salts in the country. It has three manufacturing facilities spread across Maharashtra and has a global footprint in over 50 countries. Vipul Organics ended the financial year 2021-22 with revenues of Rs 135 crore, marking a 13% + growth compared to the previous financial year.
Total revenues in Q2 of 2022-23 stood at Rs. 3,684.22 Lakh
Commenting on the results, Vipul Shah, managing director at Vipul Organics said, “The global macroeconomic 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.”
Shah adds, “The input costs remain high for which we are in the process of backward integration. The beneficial results of these steps should start to be reflected in the near future. We are confident that we are on the right track for growth.”
The fastest growing democracy in the world could be a market for your products!
If you are confused by slow and poor sales to a seemingly large but immensely noisy and fragmented market, you are not alone! If your product is great, or viable, or appropriate, you can find your sweet spot in this more than US$ 4.3 trillion economy. The trick is to understand your potential and addressable markets, which we can help with in light of your direct competition. We understand marketing, communication, and sales strategies for market entry and growth.
If you are an OEM or a supplier with a strategy and budget, talk to us about using our hybrid print, web, video, and social media channels for locating and dominating your addressable markets in India and South Asia. We may be one of the world’s leading B2B publications in the print industry with hands-on practitioner and consulting experience. Our 50 years of domain knowledge observing technological change and understanding of business and financials, includes the best globally recognized technical writers. Apart from our industry award winners, an experienced team is ready to meet you and your customers for content.
India’s fast-growing economy and evolving democracy has considerable headroom for print. Get our 2026 media kit and recalibrate your role in this dynamic market.
Founded in 1979 as a technical newsletter, Indian Printer and Publisher is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. IppStar [www.ippstar.org] is our Services, Training and Research organization.
