NewsEarningsGem Aromatics Reports Strong Q1 Results with Consolidated Revenue of ₹876.33 MillionGem Aromatics Reports Strong Q1 Results with Consolidated Revenue of ₹876.33 Million
Gem Aromatics Limited announced robust Q1 financial results ending June 30. Consolidated revenue reached ₹876.33 million with a profit of ₹79.84 million. Standalone revenue was ₹763.96 million with a profit of ₹65.23 million. The company recently completed its IPO, issuing shares at ₹325 each, and is now listed on NSE and BSE. Gem Aromatics operates manufacturing facilities in Silvassa and Budaun, serving both domestic and international markets in the aromatics industry.
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Gem Aromatics Limited, a leading manufacturer and exporter of essential oils and aromatic chemicals, has announced its financial results for the first quarter, ending June 30. The company demonstrated robust performance in both standalone and consolidated financials.
Financial Highlights
- Consolidated revenue from operations stood at ₹876.33 million
- Standalone revenue from operations reached ₹763.96 million
- Consolidated profit for the quarter was ₹79.84 million
- Standalone profit amounted to ₹65.23 million
- Consolidated earnings per share (EPS) was ₹1.70
- Standalone EPS reported at ₹1.39
Quarterly Performance Analysis
The company's financial results reflect a strong start to the quarter. Gem Aromatics' consolidated revenue of ₹876.33 million indicates healthy demand for its specialty ingredients, essential oils, and aroma chemicals. The consolidated profit of ₹79.84 million demonstrates the company's ability to maintain profitability in a competitive market.
On a standalone basis, Gem Aromatics reported a revenue of ₹763.96 million, with a profit of ₹65.23 million. This solid performance underscores the company's operational efficiency and market position in the aromatics industry.
Key Financial Metrics
| Particulars | Consolidated (₹ in million) | Standalone (₹ in million) |
|---|---|---|
| Revenue | 876.33 | 763.96 |
| Profit | 79.84 | 65.23 |
| EPS (in ₹) | 1.70 | 1.39 |
Recent Developments
Gem Aromatics Limited recently completed its Initial Public Offering (IPO) of 1,38,84,615 equity shares at an issue price of ₹325 per share. The IPO comprised a fresh issue of 53,84,615 shares and an offer for sale of 85,00,000 shares by selling shareholders. Following the successful IPO, the company's shares were listed on both the National Stock Exchange of India Limited (NSE) and the BSE Limited.
Management Commentary
The Board of Directors approved the unaudited financial results in a meeting. While specific management comments were not provided in the available data, the strong financial performance suggests that the company's strategies and market positioning are yielding positive results.
About Gem Aromatics Limited
Gem Aromatics Limited is a prominent player in the manufacturing and sale of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives. The company operates manufacturing facilities in Silvassa, Dadra & Nagar Haveli, and Budaun, Uttar Pradesh, catering to both domestic and international markets.
As Gem Aromatics continues to navigate the post-IPO landscape, investors and industry observers will be keenly watching its performance in the coming quarters. The company's ability to maintain its growth trajectory and capitalize on market opportunities will be crucial factors in determining its long-term success in the competitive aromatics industry.
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