Oriental Aromatics Reports Mixed Q1 Results: Standalone Growth Amid Consolidated Revenue Decline
Oriental Aromatics, a leading aromatic chemicals manufacturer, reported mixed Q1 financial results. Standalone revenue increased to ₹225.13 crore with a net profit of ₹5.74 crore. However, consolidated revenue declined to ₹225.52 crore with net profit dropping to ₹0.50 crore. The company received ₹1.83 crore in export incentives and recorded a foreign exchange gain of ₹1.04 crore. Its wholly-owned subsidiary, Oriental Aromatics & Sons Limited, commenced production at a new facility in Mahad, Maharashtra, contributing to a ₹5.25 crore loss in consolidated results.

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Oriental Aromatics , a leading manufacturer of aromatic chemicals, has reported mixed financial results for the first quarter. The company's standalone performance showed growth, while consolidated figures reflected a decline in revenue.
Standalone Performance
On a standalone basis, Oriental Aromatics demonstrated positive growth:
- Revenue from operations increased to ₹225.13 crore, up from ₹215.76 crore in the same quarter last year.
- Net profit rose to ₹5.74 crore, compared to ₹11.64 crore in the corresponding period.
Consolidated Results
The consolidated financial results, however, painted a different picture:
- Consolidated revenue declined to ₹225.52 crore from ₹215.76 crore year-over-year.
- Consolidated net profit decreased to ₹0.50 crore from ₹10.98 crore.
Financial Highlights
Particulars (₹ in crore) | Standalone | Consolidated |
---|---|---|
Revenue from Operations | 225.13 | 225.52 |
Net Profit | 5.74 | 0.50 |
EPS (Basic & Diluted) | 1.70 | 0.15 |
Other Notable Points
- The company received ₹1.83 crore in export incentives from the RODTEP scheme.
- A foreign exchange gain of ₹1.04 crore was recorded during the quarter.
- Oriental Aromatics maintains a strong financial position with a net worth of ₹514.71 crore on a standalone basis and ₹540.71 crore on a consolidated basis.
- The total debt stands at ₹156.04 crore for standalone and ₹179.67 crore for consolidated operations.
Segment Information
The company operates in a single reportable segment, 'Fine Chemicals', as per the requirements of IND AS 108.
Subsidiary Performance
Oriental Aromatics & Sons Limited, a wholly-owned subsidiary, commenced commercial production at its greenfield manufacturing facility in Mahad, Maharashtra. The consolidated financial results include losses (net of deferred tax credit) of ₹5.25 crore for this subsidiary in the current quarter.
The Board of Directors reviewed and approved these financial results at their meeting. The statutory auditors have reviewed the financial results and issued their report with an unmodified conclusion on both the consolidated and standalone financial statements.
Oriental Aromatics continues to navigate market challenges while focusing on its core business of aromatic chemicals production. The divergence between standalone and consolidated results suggests that while the parent company is showing resilience, the group faces headwinds that are impacting overall performance.
Historical Stock Returns for Oriental Aromatics
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.25% | +1.07% | +4.29% | +16.59% | -33.39% | -17.51% |