Anupam Rasayan Reports Q3FY22 Results

Total Revenue of ₹2,711 Mn; growth of 43% YoY; Profit After Tax at ₹379 Mn; growth of 75%

cityairnews Feb 11, 2022 07:36 0

Surat, February 11, 2022: Anupam Rasayan India Ltd. (BSE- 543275, NSE- ANURAS, ISIN: INE930P01018), one of India’s leading custom synthesis and specialty chemical player, has announced its financial results for the quarter and nine months year ended December 31, 2021.

Financial Highlights for Quarter Ended December 31st, 2021:

   Total Revenues at ₹2,711 million in Q3FY22 as compared to ₹1,896 million in Q3FY21 – growth of 43% Y-o-Y.
   EBITDA (incl. other revenue) at ₹800 million in Q3FY22 as compared to ₹588 million in Q3FY21 –
growth of 36% Y-o-Y.
   Profit After Tax at ₹379 million in Q3FY22 as compared to ₹216 million in Q3FY21 - growth of 75% Y-o-Y.

Financial Highlights for Nine Months Ended December 31st, 2021:

   Total Revenues at ₹7,643 million in 9MFY22 as compared to ₹5,632 million in 9MFY21 – growth of 36% Y-o-Y.
   EBITDA (incl. other revenue) at ₹2,152 million in 9MFY22 as compared to ₹1,547 million in 9M FY21 –
growth of 39% Y-o-Y.
   Profit After Tax at ₹1,061 million in 9MFY22 as compared to ₹482 million in 9MFY21 – growth of 120% Y-o-Y.

Anand Desai, Managing Director of Anupam Rasayan, commented, “I am pleased to announce that we have delivered a robust quarter registering a total revenue growth of 43% on a year-on-year basis, mostly driven by a healthy volume ramp-up. With new LOIs getting signed and older ones getting converted into long-term contracts, the visibility for top-line growth in the years to come becomes clearer.
Growth in volumes, value re-engineering and internal efficiencies arising out of various initiatives such as commissioning of solar power plants, working capital reduction and backward integration from recently announced acquisition will all act as catalysts of sustained growth in the coming future.”