Vipul Organics announces 2022-23 Q2 results

A 17.88% revenue increase in 2022-23 over 2021-22

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.”

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

Subscribe Now


Please enter your comment!
Please enter your name here