Categories Earnings, Industrials

Vinati organics Q3FY23 net profit soars by 51%

Vinati Organics rose 1.55% to INR 1,895 after the company’s consolidated net profit surged 50.68% to INR 125.41 crore in Q3 FY23 as against INR 83.23 crore posted in Q3 FY22. Revenue from operations stood at INR 508.66 crore in the quarter ended 31 December 2022 from INR 368.95 crore reported in Q3 FY22, recording a growth of 37.87%.

Consolidated profit before tax soared 74.77% to IINR 167.50 crore in Q3 FY23 as compared to INR 95.84 crore reported in the corresponding quarter previous year. Total expenses spiked 24.42% year on year to INR 357.96 crore in Q3 FY23. Cost of materials consumed was at INR 244.75 crore (up 25.86% YoY) and employee expenses stood at INR 24.12 crore (up 12.4% YoY).

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