Revenue from operations stood at Rs 654.64 crore in the quarter ended 31 December 2022 from Rs 859.88 crore posted in Q3 FY22, registering a decline of 23.87%.

Consolidated profit before tax dropped 62.24% to Rs 33.54 crore in Q3 FY23 as compared to Rs 88.82 crore posted in the corresponding quarter previous year.

Total expenses declined 19.24% year on year to Rs 624.35 crore in the quarter ended 31 December 2022.

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals.