|
Total expenses dropped by 18% to Rs 351.32 crore in the second quarter from Rs 430.89 crore recorded in the same period last year. This was primarily due to lower raw material costs (down 26% YoY) and lower power and fuel costs (down 28% YoY).
Profit before tax in Q2 FY24 stood at Rs 113.02 crore, down by 27% from Rs 155.38 crore recorded in Q2 FY23.
Vinati Organics is one of India's leading manufacturers and exporters of specialty organic intermediaries, monomers, and polymers.
The scrip lost 0.67% to currently trade at Rs 1753 on the BSE.
|