Anupam Rasayan India posts Rs 412 Mn PAT in Q2 FY23

Agrochemicals manufacturer Anupam Rasayan India has announced Q2 FY23 results. Operating Revenues at Rs 3,107 million in Q2FY23 as compared to Rs 2,489 million in Q2 FY22 – growth of 25 per cent YoY. Profit After Tax at Rs 412 million in Q2FY23 as compared to Rs 358 million in Q2FY22 – growth of 15 per cent YoY. Total revenues at Rs 3,087 million in Q2FY23 as compared to Rs 2,552 million in Q2FY22 – growth of 21 per cent YoY.  EBITDA (incl. other revenue) at Rs 898 million in Q2FY23 as compared to Rs 697 million in Q2FY22 – growth of 29 per cent YoY.

Anand Desai, Managing Director of Anupam Rasayan, commented, ″I am delighted to inform you that our standalone business grew by 25 per cent year on year to Rs 310 crore. with 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 companies for supplying two new life science-related speciality 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.″