A people walk down a road in front of a chemical factory as it discharges exhaust into the air of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Meghmani Organics Eyes Rs 1,800 Crore Revenue By Year-End

Meghmani Organics Ltd., India’s leading manufacturer of pigments and agrochemicals aims Rs 1,800 crore revenue by the end of this year, said Managing Director Ashish Soparkar told BloombergQuint in an interview.

The company delivered a strong third quarter aided by stable raw material prices and expects to maintain that momentum in the fourth quarter, which is a seasonally strong one, he added.

Key Q3 Earnings Highlights:

  • Revenue up 40.4 percent to Rs 450.43 crore
  • Net profit up 130.9 percent to Rs 62.61 crore
  • Ebitda up 93.4 percent to Rs 117.2 crore
  • Margins at 26 percent versus 18.9 percent

Watch the full conversation here: