Anupam Rasayan India Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022.
Q2 Results- QoQ
The company’s net profit grew 4.7% to Rs 415.69 million for the period ended Sept 30, 2022 as against net profit of Rs 396.87 million for the previous quarter.
Net sales increased 14.6% to Rs 3.83 billion during the period ended Sept 30, 2022 as compared to Rs 3.34 billion during the previous quarter.
Q2 Results- YoY
The company reported 15.3% growth in net profit to Rs 415.69 million for the period ended Sept 30, 2022 as against net profit of Rs 360.53 million for the prior-year quarter.
Net sales increased 50.2% to Rs 3.83 billion during the period ended Sept 30, 2022 as compared to Rs 2.55 billion during the prior-year quarter.
Anand Desai, managing director of Anupam Rasayan, said, I am delighted to inform you that our standalone business grew by 25% year on year to Rs 3.10 billion 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 of this Europe+1 trend with our latest announcement of signing two contracts with one of the European Crop Protection company for supplying 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 the year.
H1 Results- YoY
The company reported 19.2% growth in net profit to Rs 812.56 million for the period ended Sept 30, 2022 as against net profit of Rs 681.73 million for the prior-year 1st half period.
Net sales increased 45.5% to Rs 7.17 billion during the period ended Sept 30, 2022 as compared to Rs 4.93 billion during the the 6 months period last year.
Anupam Rasayan India Limited is a leading player in the Indian chemicals sector engaged in the manufacture and sale of specialty chemicals comprising products related to agrochemicals, personal care and pharmaceuticals, and other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.