01-01-1970 12:00 AM | Source: PR Agency
Anupam Rasayan India Limited Reports Q2FY23 Results
News By Tags | #6374 #1660 #1302 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Surat: Anupam Rasayan India Ltd. (BSE- 543275, NSE- ANURAS, ISIN: INE930P01018), one of India’s leading custom synthesis and specialty chemical player, has announced its financial results for the quarter ended September 30, 2022.

Standalone Financial Highlights for Quarter Ended September 30th, 2022:

Operating Revenues at?3,107millioninQ2FY23as comparedto?2,489millioninQ2FY22– growthof 25% Y-o-Y.

TotalRevenuesat?3,087millioninQ2FY23as comparedto?2,552millioninQ2FY22– growthof 21%Y-o-Y. ? EBITDA (incl. otherrevenue) at ?898million inQ2FY23 as compared to ?697million inQ2FY22 – growth of 29% Y-o-Y

Profit After Tax at ?412million inQ2FY23 as compared to ?358 million inQ2FY22 - growth of 15% Y-o-Y

Anand Desai, Managing Director of Anupam Rasayan, commented, “I am delighted to inform you that our standalone business grew by 25% year on yearto Rs. 310cr. with the consistent EBITDA margins

Our philosophy of carrying a long-term vision in our business conduct is bearing its fruits as Anupam has started seeing the benefits ofthis Europe+1 trendwith ourlatestannouncementofsigning two contractswith one ofthe European Crop Protection company forsupplying two new life science related specialty chemicals.

Overall, we continue to see upward bias in all the contracted volumes with major customers. This makes us confident of delivering a strong performance in the coming quarters and for theyear.”

About Anupam Rasayan India Ltd. (ARIL):

AnupamRasayan India Ltd (ARIL)is one of the leading companies engaged in the custom synthesis(CSM) andmanufacturing of specialty chemicals in India. Incorporated in 1984, the speciality chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Specialty Pigment and Dyes, and Polymer Additives. The Company caters to a diverse base of Indian and global customers. Itis currentlymanufacturing productsfor over 68 domestic and international customers, including 25 multinational companies. TheCompanyoperatesviaitssixmanufacturingfacilitiesinGujarat, India, with four facilitieslocated at Sachin, Surat and two located at Jhagadia, Bharuch with an aggregate installed capacity of about 27,000 MT, as of 31st March 31, 2022. ARIL offers multistep synthesis and undertakes complex chemical reactionstechnologies, for a diverse base of Indian and global customers.

 

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer