Mumbai, February 1, 2025
Vinati Organics Limited (BSE: 524200, NSE: VINATIORGA), a specialty chemicals manufacturer, reported its
unaudited financial results for the
third quarter (Q3 FY25) and nine-month period ended December 31, 2024. The company also announced the incorporation of a
wholly owned subsidiary in the United States, aimed at expanding its global business operations.
Financial Performance (Consolidated)
Key Financial Highlights (₹ in Crores)
| Particulars | Q3 FY25 | Q3 FY24 | QoQ (%) | 9M FY25 | 9M FY24 | YoY (%) |
|---|
| Revenue from Operations | 521.68 | 447.99 | +16.4% | 1,599.71 | 1,349.64 | +18.5% |
| Total Revenue | 528.35 | 456.82 | +15.7% | 1,637.86 | 1,378.81 | +18.8% |
| EBITDA | 169.31 | 138.25 | +22.4% | 493.69 | 400.87 | +23.2% |
| Profit Before Tax (PBT) | 126.62 | 103.14 | +22.7% | 372.28 | 292.83 | +27.1% |
| Net Profit | 93.70 | 76.94 | +21.8% | 273.28 | 218.82 | +24.9% |
| EPS (₹) | 9.04 | 7.42 | +21.8% | 26.35 | 21.11 | +24.8% |
The company reported a robust
16.4% YoY increase in revenue for Q3 FY25, reaching
₹521.68 crore.
Net profitsurged
21.8% YoY to ₹93.70 crore, supported by improved operational efficiency and better realizations.
Financial Performance (Standalone)
| Particulars | Q3 FY25 | Q3 FY24 | QoQ (%) | 9M FY25 | 9M FY24 | YoY (%) |
|---|
| Revenue from Operations | 521.67 | 447.99 | +16.4% | 1,599.66 | 1,319.61 | +21.2% |
| Total Revenue | 528.35 | 456.52 | +15.7% | 1,637.80 | 1,378.81 | +18.8% |
| Profit Before Tax (PBT) | 128.86 | 103.22 | +24.9% | 378.86 | 292.90 | +29.3% |
| Net Profit | 95.55 | 77.02 | +24.0% | 287.66 | 218.90 | +31.4% |
| EPS (₹) | 9.22 | 7.43 | +24.0% | 27.75 | 21.12 | +31.4% |
Standalone revenue grew
16.4% YoY, while
net profit saw a
24% YoY jump, indicating strong operational performance.
Key Announcements
1. Expansion into the United States
Vinati Organics’ Board has approved the incorporation of a
wholly owned subsidiary (WOS) in the U.S., focused on:
- Manufacturing and selling Vinati Organics’ products.
- Exploring new business opportunities in the North American market.
The subsidiary will be established with
an initial authorized capital of 5,000 shares of USD 100 each, totaling USD 5,00,000 (₹4.15 crore approx.).
2. Policy Revisions
The Board also approved changes to key corporate governance policies, including:
- Policy for Determination of Materiality of Events
- Policy on Related Party Transactions
- Archival Policy
- Material Subsidiaries Policy
- Code of Procedures for Insiders.
Management Commentary
Vinati Organics'
Managing Director & CEO, Vinati Saraf Mutreja, stated:
"Our strong financial performance in Q3 and 9M FY25 reflects the resilience of our business model. The decision to expand into the U.S. is a strategic move to tap into a growing market and enhance our global footprint. We remain committed to operational excellence and sustainable growth."
Strategic Outlook
- Continued Global Expansion: The U.S. subsidiary will strengthen export capabilities and reduce dependence on India-based operations.
- Growth in Specialty Chemicals Segment: Increased demand for performance chemicals is expected to drive future revenue growth.
- Operational Efficiencies: The company aims to maintain margin expansion through cost optimization and capacity utilization.
With a
strong order book, expansion into new geographies, and a robust financial position, Vinati Organics is poised for
sustained long-term growth.