Laxmi Organic Industries is a leading specialty chemical manufacturer based in India. The company was founded in 1989 and is headquartered in Mumbai. Laxmi Organic Industries operates in two main segments: acetyl intermediates and specialty intermediates.
The acetyl intermediates segment includes the production of acetic acid, acetic anhydride, and other acetyl derivatives. These chemicals are primarily used in the production of solvents, pharmaceuticals, agrochemicals, and other industrial applications. In terms of earnings, Revenue from Operations for Q3 FY23 was ₹654.64 crore, significantly down from ₹859.87 crore in the same period last year. The third quarter’s other income, which contributed ₹3.24 Crore to the Total Revenue. Meanwhile, the Profit Before Tax down to ₹33.54 Crore from ₹88.81 Crore from the same quarter previous year. The Consolidated Net Profit was ₹27.27 crore, declined from ₹70.55 crore in the same quarter last year. This quarter’s earnings per share was ₹1.02.