The shares of Vipul Organics Limited were trading at ₹213.90 up by ₹9.30 or 4.55per cent on the BSE today at 1.08 pm.
Vipul Organics Limited reported an 81.57 per cent year-on-year increase in consolidated net profit to ₹144.95 lakh for the third quarter ended December 31, 2024, driven by operational efficiencies from backward integration. The specialty chemicals manufacturer’s revenue grew 10.44 per cent to ₹4,153.68 lakh compared to the same quarter last year.
The company’s earnings per share rose to ₹1.11 from ₹0.62 in the corresponding quarter. For the nine months ended December 2024, net profit jumped 60.55 per cent to ₹364.33 lakh, while revenue increased 7.89 per cent to ₹11,916.75 lakh.
Quarter-on-quarter performance showed modest growth, with revenue rising from ₹3,943.12 lakh in Q2 to ₹4,153.68 lakh in Q3 FY25. Net profit improved from ₹105.94 lakh to ₹144.95 lakh during the same period.
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Managing Director Vipul Shah attributed the performance to steady revenue growth despite geopolitical volatility and benefits from backward integration initiatives. The BSE-listed company, which manufactures pigments, dyestuff, lake colors, and pigment intermediaries, operates three manufacturing facilities in Maharashtra and exports to over 50 countries. Vipul Organics recorded revenues of ₹151 crore in FY 2023-24.