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Vinyl Chemicals (I) Ltd Q1FY24; 68% fall in Profits

Vinyl Chemicals (India) Limited, a Parekh Group Company, is engaged in the business of trading in Chemicals mainly Vinyl Acetate Monomer (VAM), which is imported/sourced from various global suppliers and distributed in India.

Financial Results:

Vinyl Chemicals (I) Ltd reported Revenues for Q1FY24 of ₹115.31 Crores down from ₹310.75 Crore year on year, a fall of 62.89%.

Total Expenses for Q1FY24 of ₹111.91 Crores down from ₹301.17 Crores year on year, a fall of 62.84%.

Consolidated Net Profit of ₹3.50 Crores down 67.95% from ₹10.92 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.91, down 67.95% from ₹5.96 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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