Net profit of Vipul Organics rose 6.00% to Rs 1.06 crore in the quarter ended September 2024 as against Rs 1.00 crore during the previous quarter ended September 2023. Sales rose 7.42% to Rs 39.24 crore in the quarter ended September 2024 as against Rs 36.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales39.2436.53 7 OPM %9.337.88 - PBDT3.222.42 33 PBT1.761.07 64 NP1.061.00 6 Powered by Capital Market - Live

Vipul Organics will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

After obtaining the consent, the facility will increase the manufacturing capacity for pigments preparations by 3 times. The company produces its own pigment intermediates from which it produces a range of pigment powders and pigment dispersions. It distributes its pigment powders under the brand SunTone and Pigment Dispersions under SunPrint, SunCoat, SunAqua, SunSeed, SunCos and SunTint. The company's Ambernath facility was set up in 1998 and currently produces Naphthols, pigment powders, pigment dispersions, reactive dyes, acid dyes and direct dyes. Vipul Organics is a specialty chemicals company in the pigments and dyes segment. The company provides total colouring solutions to paint, printing ink, plastics and masterbatches, textiles, rubber & latex, agriculture, leather, dietary supplements and pharmaceuticals, food beverages and confectionaries industries. The company's consolidated net profit surged to Rs 1.14 crore in Q1 FY25 as compared with Rs 0.52 crore in Q1 FY24. Net sales increased 5.3% YoY to Rs 38.06 crore in Q1 FY25. The counter rose 0.71% to end at Rs 313.95 on the BSE. It also hit an all-time high at Rs 327 in intraday today.Powered by Capital Market - Live

The company will offer 1 share for every 3 shares held on record date at a premium of Rs 44 for the share of face value Rs 10 (total price Rs 54). The company said that it is investing significantly on expansion of its capacity. It has just concluded its capacity expansion at its Ambernath facility. Construction is on full steam at its greenfield facility at Sayakha. The funds raised wil be utilized to ensure development of the Sayakha facility, and production will begin in a phased manner from the first quarter of 2025-2026. Vipul P Shah, managing director, Vipul Organics, said, 'The company has undertaken substantial capacity expansion and has decided to do a rights issue to mobilise funds. With a view to reward our shareholders and to include them in the growth of the company, the issue price is at a substantial discount to the current market price.' Vipul Organics is a specialty chemicals company in the pigments and dyes segment. The company provides total colouring solutions to paint, printing ink, plastics and masterbatches, textiles, rubber & latex, agriculture, leather, dietary supplements and pharmaceuticals, food beverages and confectionaries industries. The company's consolidated net profit surged to Rs 1.14 crore in Q1 FY25 as compared with Rs 0.52 crore in Q1 FY24. Net sales increased 5.3% YoY to Rs 38.06 crore in Q1 FY25. The counter hit all-time high at Rs 312.90 in intraday today.Powered by Capital Market - Live

Vipul Organics announced that the 52th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Vipul Organics will hold a meeting of the Board of Directors of the Company on 27 August 2024.Powered by Capital Market - Live