This speciality chemical player zooms 29 per cent in last one month; reports growth of 24 per cent YoY in PAT!

Tanfac Integration is progressing smoothly with the successful integration

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

Financial highlights:  

▪ Its operating revenue stood at Rs 306.6 crore in Q1FY23 as compared to Rs 233.7 crore in Q1FY22, a growth of 31 per cent YoY.  

▪ The total revenue was reported at Rs 297.1 crore in Q1FY23 as compared to Rs 238 crore in Q1FY22, rising 25 per cent YoY.  

▪ EBITDA (incl. other revenue) stood at Rs 84.5 crore in Q1FY23 as compared to Rs 65 crore in Q1FY22, increasing 30 per cent YoY.  

▪ Profit after tax was registered at Rs 39.7 crore in Q1FY23 as compared to Rs 32.1 crore in Q1FY22, advancing 24 per cent YoY.  

On this, Anand Desai, Managing Director of Anupam Rasayan, commented, “I am happy to inform you that we delivered robust growth in Q1FY23 against the backdrop of an uncertain global environment. Our operating revenue grew by 31 per cent on a year-on-year basis. Our focus on financial prudence and operational finesse has helped us keep our margins at sustainable levels. During the last financial year, our ability to ensure continuous supply to our customers has resulted in customers revising their volume guidance upwards for the current financial year along with the increase in the price of these products.” 

He further added, “Tanfac Integration is progressing smoothly with the successful integration of key areas like finance, IT & HR and I am happy to share that we have successfully expanded the capacity of certain Tanfac products with process improvement and debottlenecking.” 

Overall, I believe that we have an exciting year ahead of us and we, at Anupam, are all geared up to deliver strong sustainable growth in FY23,” he concluded.