
Vinati Organics Limited, a specialty chemicals manufacturer, reported a strong financial performance for the third quarter (Q3) of the fiscal year 2024-25, with a 16.5% year-on-year (YoY) increase in revenue to ₹521.68 crore, compared to ₹447.99 crore in the same period last year.
The company’s net profit surged by 21.7% YoY to ₹93.58 crore, up from ₹76.81 crore in Q3FY24. The improved profitability was attributed to higher demand for its key product segments and operational efficiencies.
The total revenue, including other income, stood at ₹528.35 crore, reflecting a significant growth from ₹456.82 crore in Q3FY24. Meanwhile, total expenses increased to ₹401.73 crore, compared to ₹353.68 crore in the year-ago quarter, due to higher raw material and power costs.
The company maintained a strong earnings per share (EPS), with basic and diluted EPS at ₹9.04 for Q3FY25, compared to ₹7.42 in Q3FY24.
Vinati Organics’ management stated, “Our focus on expanding our product portfolio and improving cost efficiencies has contributed to our strong performance. With demand recovering in key markets, we are optimistic about continued growth in the coming quarters.”
In addition to the financial results, the company announced plans to establish a wholly-owned subsidiary in the United States to expand its international presence and cater to growing demand in the global specialty chemicals market.