Anupam Rasayan India Limited Achieves 11% Revenue Growth in H1FY24

Surat : 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 half year ended September 30, 2023.

Speaking on the performance, Mr Anand Desai, Managing Director, Anupam Rasayan commented, “Amidst the challenging external environment, I am happy that we have been able to hold our ground and deliver some growth. Our total revenue for the first half of FY24 reached Rs. 7,944 million, reflecting a robust year-over-year growth of 11%. Our strong margins at 28% for H1FY24, are a testament to our unique business model.

During this quarter, we successfully launched three new molecules, bringing the total to five by the end of H1 FY24. We will launch an additional five molecules by the close of FY24. In a bid to balancing our carbon emissions and making significant strides towards achieving energy neutrality by 2027, we have also signed three MoUs with the Government of Gujarat for afforestation.

We are seeing a resurgence in demand, which instills confidence of delivering growth in coming quarters. This bolsters our confidence in achieving consistent growth and maintaining our margin profile. We remain steadfast in our pursuit of growth, sustainability, and contributing positively to the environment.”