Consolidated profit before tax tumbled 18.7% to Rs 110.85 crore in Q1 FY24 as compared to Rs 136.28 crore reported in the corresponding quarter previous year.

Total expenses skid 13.69% year on year to Rs 335.51 crore in Q1 FY24. Cost of materials consumed was at Rs 241.03 crore (down 19.73% YoY) and employee expenses stood at Rs 25.57 crore (up 10.26% YoY).

Vinati Organics is one of India's leading manufacturers and exporters of specialty organic intermediaries, monomers, and polymers.