NEW DELHI: Chemical substances maker Anupam Rasayan India Ltd on Tuesday posted a marginal improve of 1.84 per cent in consolidated internet revenue at Rs 48.69 crore within the second quarter of the present fiscal 12 months. The corporate’s internet revenue stood at 47.81 crore in the identical quarter of the earlier 12 months, in accordance with a regulatory submitting.
Complete earnings rose to Rs 395.61 crore in the course of the July-September quarter of the 2023-24 fiscal, from Rs 383.14 crore within the year-ago interval.
Bills remained barely increased at Rs 324.94 crore within the interval underneath assessment, as in opposition to Rs 315.72 crore within the mentioned interval.
“Amidst the difficult exterior setting, I’m glad that now we have been in a position to maintain our floor and ship some development,” mentioned Anupam Rasayan Managing Director Anand Desai.
Within the first half of the present fiscal, complete income rose to Rs 794.4 crore, reflecting a sturdy year-over-year development of 11 per cent.
Our robust margins at 28 per cent for the primary half this 12 months are a testomony to the corporate’s distinctive enterprise mannequin, he mentioned.
Throughout this quarter, the corporate launched three new molecules, bringing the whole to 5 by the top of H1 of the 2023-24 fiscal, he mentioned, including “we are going to launch an extra 5 molecules by the shut of FY24.”
Desai additional mentioned, “we’re seeing a resurgence in demand, which instills confidence of delivering development in coming quarters. This bolsters our confidence in attaining constant development and sustaining our margin profile.”
The corporate has additionally signed three memorandum of understanding (MoUs) with the Gujarat authorities for afforestation in a bid to stability carbon emissions and obtain vitality neutrality by 2027.
Anupam Rasayan mentioned the board has accredited issuance of 19.04 lakh fairness shares on a preferential foundation to promoters and 39.14 lakh convertible warrants on preferential foundation to non-promoters.
The Gujarat-based firm has a producing capability of 27,200 tonnes unfold over six amenities.
Complete earnings rose to Rs 395.61 crore in the course of the July-September quarter of the 2023-24 fiscal, from Rs 383.14 crore within the year-ago interval.
Bills remained barely increased at Rs 324.94 crore within the interval underneath assessment, as in opposition to Rs 315.72 crore within the mentioned interval.
“Amidst the difficult exterior setting, I’m glad that now we have been in a position to maintain our floor and ship some development,” mentioned Anupam Rasayan Managing Director Anand Desai.
Within the first half of the present fiscal, complete income rose to Rs 794.4 crore, reflecting a sturdy year-over-year development of 11 per cent.
Our robust margins at 28 per cent for the primary half this 12 months are a testomony to the corporate’s distinctive enterprise mannequin, he mentioned.
Throughout this quarter, the corporate launched three new molecules, bringing the whole to 5 by the top of H1 of the 2023-24 fiscal, he mentioned, including “we are going to launch an extra 5 molecules by the shut of FY24.”
Desai additional mentioned, “we’re seeing a resurgence in demand, which instills confidence of delivering development in coming quarters. This bolsters our confidence in attaining constant development and sustaining our margin profile.”
The corporate has additionally signed three memorandum of understanding (MoUs) with the Gujarat authorities for afforestation in a bid to stability carbon emissions and obtain vitality neutrality by 2027.
Anupam Rasayan mentioned the board has accredited issuance of 19.04 lakh fairness shares on a preferential foundation to promoters and 39.14 lakh convertible warrants on preferential foundation to non-promoters.
The Gujarat-based firm has a producing capability of 27,200 tonnes unfold over six amenities.
