Chemical -making giant Epigl Limited has performed brilliantly in the December quarter. The company’s net profit has increased more than doubled to ₹ 103.63 crore. It was just ₹ 49.08 crore in the same quarter last year. The company’s total income increased by 37% to ₹ 649.10 crore in this quarter, which was ₹ 473.98 crore last year. Although the expenses also increased to ₹ 495.57 crore, it did not affect the profit of the company.
Dividend’s gift
With the best results, the company has announced an interim dividend of ₹ 2.5 per share to its investors. A record date has been set on 7 February 2025 to get dividend. “Our sales have increased by 15%, especially due to derivatives and high-value products,” says Epiglist and Managing Director Maulik Patel. So far this year, revenue has increased by 37%. ” He also stated that despite the weak demand, the company’s diversification strategy has helped him grow firmly.
New plans and shares surge
The company plans to double the production capacity of its CPVC resin and Epiclorohydrin (EC). Due to this, the trust of investors has increased further. The company’s shares on BSE saw a jump of 5.57% and reached ₹ 1,780 per share.