The uptick in Anupam Rasayan share price came after the company inked a 10-year letter of intent (LoI) valued at approximately Rs 922 crore, or $106 million with a Korean multinational
Anupam Rasayan reported a 53 per cent increase in consolidated net profit during the third quarter to Rs 28.19 crore, as compared to Rs 18.4 crore in Q3FY24.
Anupam Rasayan announced on November 14 that its profit after tax (PAT) dropped 37.16 per cent year-on-year to Rs 30.6 crore in Q2FY25 compared to Rs 48.7 crore in Q2FY24
In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore
Chemicals maker Anupam Rasayan India Ltd on Saturday posted a 44.26 per cent fall in its consolidated net profit to Rs 40.46 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at Rs 72.63 crore a year earlier. The total income fell to Rs 413 crore in the January-March quarter of 2023-24 compared to Rs 504.2 crore in the year-ago period, a regulatory filing said. For the full fiscal 2023-24, Anupam Rasayan posted a 23 per cent drop in consolidated net profit to Rs 167.4 crore against Rs 216.8 crore in the previous fiscal. The total income declined to Rs 1,505.3 crore from Rs 1,610.4 crore in the said period. Anupam Rasayan Managing Director Anand Desai said the chemical industry, including speciality chemicals, has faced significant headwinds during the last year. However, despite the de-growth in the top line, the company has been able to sustain its profitability and maintain margins at 27 per cent levels on a full-year consolidated basis. "We believe th
Anupam Rasayan will be the first company in India to manufacture these key molecules within the country
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Stocks to watch on Tuesday, December 26, 2023: Muthoot Microfin and Suraj Estate Developers to debut on the bourses today.
Chemicals maker Anupam Rasayan on Tuesday posted a 24.52 per cent rise in its consolidated net profit at Rs 52.25 crore in the June quarter on strong revenue. Net profit stood at Rs 41.96 crore in the same quarter a year ago, a regulatory filing said. Total income rose on a consolidated basis to Rs 398.76 crore during the April-June quarter of the 2023-24 fiscal from Rs 334.3 crore in the year-ago period. Expenses remained higher at Rs 321.46 crore as against Rs 273.64 crore in the said period. Anand Desai, Managing Director of Anupam Rasayan, said, "I am delighted at the consistent growth momentum of the company against a challenging industry backdrop." While the falling prices of commodity agrochemicals are putting pressure on margins for the industry, the company's customised products and robust business model helped deliver strong EBITDA margins of 29 per cent in Q1 of this fiscal, he said. During Q1, Anupam Rasayan signed an MoU with 3xper Innoventure Ltd for the supply of .
CLOSING BELL ON JUNE 14, 2023: Sectorally, the BSE Metal index surged 1.6 per cent. The Energy and Oil & Gas indices were also up nearly a per cent each.
Shares of Anupam Rasayan hit all-time high of Rs 1,131 in intra-day trade today, zoomed 98% from level of Rs 570 on February 3, 2023.
Last month, ARIL signed LoI worth revenue of $120 million (Rs 984 crore) for the next 6 years with Japanese Chemical company
Analysts are positive on the company's long term growth trajectory on the back of a robust product launch pipeline especially in high value fluorination chemistry
Chemicals maker Anupam Rasayan India Ltd on Friday posted a 43.61 per cent jump in its consolidated net profit to Rs 54.43 crore in the third quarter of the current fiscal. The company's net profit stood at Rs 37.90 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total revenue on a consolidated basis increased to Rs 388.78 crore during October-December quarter of 2022-23 from Rs 271.12 crore in the year-ago period. Expenses remained higher at Rs 313.45 crore as against 211.80 crore in the said period. Commenting on the performance, Anupam Rasayan Managing Director Anand Desai said: ...despite unavailability of the certain capacities during the quarter, we were able to deliver growth on YoY basis. If you adjust the deferred revenue due to capacity constrain then our growth would have been around 25 per cent during the quarter." On January 4, the company restarted operations in one of its two plants post receipt of revocation of closure order. Wit
Stocks to Watch Today: TCS is set to win $2 billion deal. Also, shares of oil related companies are likely to be in focus ahead of the OPEC+ meet on likely production cut.
CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank
Stock market live: At 07:50 am, SGX Nifty quoted at 17,230, indicating an opening loss of over 100-odd points on the Nifty
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ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal
In the past one month, the stock of specialty chemicals fell 25 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.