Anupam Rasayan logs ~31% yoy growth in Q1FY23 Operating Revenue at Rs306.60 crore; stock gains ~1%

25 Jul 2022 , 11:33 AM

Anupam Rasayan India Ltd., one of India’s leading custom synthesis and specialty chemical players, announced its financial results for the quarter ended June 30, 2022.

The company logged Operating Revenue at Rs306.60 crore in Q1FY23, up by 31.19% yoy as compared to Rs233.70 crore in Q1FY22.

The company reported total revenue of Rs297.10 crore during the quarter under review as compared to Rs238 crore in Q1FY22, up by 25% yoy.

The company reported an EBITDA of Rs84.50 crore in the quarter ended June 30, 2022, registering a growth of 30% yoy as against Rs65 crore in the previous corresponding quarter.

The company’s Net Profit for Q1FY23 stood at Rs39.70 crore as compared to Rs32.10 crore in the previous corresponding quarter, logging a growth of 24% yoy.

“I am pleased to inform you that, despite an uncertain global environment, we delivered robust growth in Q1FY23. Our operating revenue increased by 31% year over year. Our emphasis on financial prudence and operational savvy has allowed us to maintain sustainable margins.

Our ability to ensure continuous supply to our customers during the previous fiscal year resulted in customers revising their volume guidance upwards for the current fiscal year, along with an increase in the price of these products,” commented Anand Desai, Managing Director of Anupam Rasayan.

At around 11.37 AM, Anupam Rasayan was trading at Rs799.75, up by 0.82% against previous close of Rs793.25 on NSE. So far, it touched intraday high and low of Rs817.70 and Rs772.15 respectively.