Indo Amines Limited declares tremendous growth, Operational Revenue up by 46%.

 Indo Amines Limited, one of the country’s leading makers of Fine Specialty & Performance Chemicals has announced robust financial numbers in Q1FY23.

HIGHLIGHTS OF CONSOLIDATED BUSINESS

Consolidated business represents the performance of Indo Amines Ltd. and its subsidiaries (Indo Amines Group)

Consolidated Business Q1-FY23 vs Q1-FY22 (Y-o-Y basis)

1. The Revenue from Operations of the Group has increased to Rs. 25,826.96 Lakhs from Rs. 17,707.42 Lakhs. The Revenue from Operations registered a growth of ~ 46% ;
2. The Profit after tax (PAT) of the Group has increased to Rs. 848.50 Lakhs from Rs. 712.87 Lakhs. The PAT registered a growth of  ~ 19%;

Highlights of Standalone Business:

Represents the performance of Indo Amines Ltd. Standalone

Standalone Business Q1-FY23 vs Q1-FY22 (Y-o-Y basis)

1. The Revenue from Operations of the Company has increased to Rs. 25,192.66 Lakhs from Rs. 18,270.52 Lakhs. The Revenue from Operations registered a growth of ~ 38%;
2. The Profit after tax (PAT) of the Company has increased to Rs. 1,100.69 Lakhs from Rs. 848.24 Lakhs. The PAT registered a growth of ~ 30%;

Commenting on the successful result, Mr. Vijay Palkar, Managing Director and CEO, Indo Amines Limited, said, ” We are happy to share the amazing growth figures. We’ll keep strengthening our position and extending into untapped new markets. In order to strengthen our current and future partnerships in the domestic and international markets, we will develop our chemistries and form strategic alliances. We anticipate a bright future and will enable expansion and further utilization of our plants. For Indo Amines, these are exciting times, and we are pleased with the accomplishments and opportunities that are coming our way.”

Commenting on the successful result, Mr. Rahul Palkar, Joint Managing Director, Indo Amines, said, “In the current year, we have maintained our growth trajectory and enhanced our EBITDA margins. We have also contributed significantly to the global ESG and sustainability movement and shown climate consciousness. Strategic partnerships and our advanced capabilities put us in a good position to sustain growth, add value to our clients, and maximize shareholder value.