Specialty Chemicals stock announces interim dividend, records and pays date

“The Board has declared 1st interim dividend of Rs.0f for the current financial year 2022-23. 0.40 @ 4% of the face value of 10/- per equity share,” the company informed in an exchange filing, adding that it has “fixed record date for payment of Rs. interim dividend 4th August, 2022 and the date of payment on or before 23rd August, 2022.” Dividend is the distribution of surplus from profits by a listed company to its shareholders.

Company’s net profit up 24% year-on-year (YoY) As compared to 397 million in Q1FY23 321 million in Q1FY22 while its operating revenue witnessed a growth of 31% from the year-ago quarter As compared to 3,066 million in Q1FY23 2,337 million. EBITDA came 845 million, up 30% from 650 million in the same quarter last year.

“During the last fiscal year, our ability to ensure consistent supply to our customers has resulted in an increase in the price of these products as well as revised their volume guidance for the current fiscal. Overall, I believe We have an exciting year ahead, Anand Desai, Managing Director, Anupam Rasayan, said, “We and all of us at Anupam are poised to deliver strong sustainable growth in FY13.

Anupam Rasayan India Limited (ARIL) is one of the leading companies engaged in Custom Synthesis (CSM) and Manufacturing. special chemicals in India. Incorporated in 1984, the Specialty Chemicals major has two verticals: specialty chemicals related to the life sciences including products related to agrochemicals, personal care and pharmaceuticals, other specialty chemicals including specialty pigments and dyes, and polymer additives.

The company operates through its six manufacturing facilities in Gujarat, India with four facilities located at Sachin, Surat and two at Jhagadia, Bharuch, with a total installed capacity of approximately 27,200 MT as of March 31, 2022.

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