Vinati Organics Q2 Net Sales rises 19% to Rs 72.87 cr

Vinati Organics Limited (VOL) (BSE: 524200), the world’s largest manufacturer and supplier of IBB (Isobutyl Benzene) today announced its second quarter 2010 financial results.

Highlights – Q2 2010

• Quarterly revenue rose to Rs. 72.87 Crores
• PAT is Rs. 12.05 Crores; up 42% sequentially
• Quarterly Diluted EPS is Rs. 2.44
• The Company’s revenues were at all an all time high of Rs. 142.82 Crores for the half year

Commenting on the results, Ms. Vinati Saraf Mutreja, Executive Director, Vinati Organics Ltd said, “During the quarter we have seen greater demand across clients and expect strong second half as well. We expect to maintain our margins and want to tap growth opportunities through our planned expansions.”

About Vinati Organics Ltd
Incorporated in the year 1989, VOL is into the manufacturing of specialty organic chemicals. It’s the world's largest manufacturer of Isobutyl Benzene (IBB) and the 2nd largest manufacturer of ATBS. Its manufacturing facilities are situated in Mahad and Lote, Maharashtra. Its products include (IBB) which is used a basic raw material for manufacturing Ibuprofen, an anti-inflammatory analgesic bulk drug. IBB is also used in perfumery industries. ATBS is used in oil–field recovery, water treatment, acrylic fiber manufacturing, adhesives, and personal care products, as well as in mining industry, coatings, and as dispersing and flocculating agents. It exports more than 75% of its production across USA, Europe, Asia, Middle East and China and has been the preferred source for some of the largest chemical manufacturing companies in the world.

VOL is listed on the Bombay Stock Exchange and National Stock Exchange. It had a Net Sales of Rs. 23176 Lacs for FY10. The company has planned capacity expansion of the present facilities and introduction of new products to continue with its growth plans.

VOL has been included in Forbes Asia’s 200 Best Under A Billion in 2010 (the “List”). The List is an annual compilation of the Asia’s 200 best public-listed corporations with revenue under US$1 billion.