Net profit of Laxmi Organic Industries rose 24.53% to Rs 10.71 crore in the quarter ended September 2023 as against Rs 8.60 crore during the previous quarter ended September 2022. Sales rose 0.01% to Rs 652.27 crore in the quarter ended September 2023 as against Rs 652.20 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales652.27652.20 0 OPM %5.974.39 - PBDT45.0827.11 66 PBT17.5310.13 73 NP10.718.60 25 Powered by Capital Market - Live News

Laxmi Organic Industries will hold a meeting of the Board of Directors of the Company on 26 October 2023.Powered by Capital Market - Live News

Laxmi Organic Industries has issued commercial paper of Rs 50 crore on 06 October 2023. Powered by Capital Market - Live News

The Board of Laxmi Organic Industries at its special strategy meet on 29 and 30 July 2023 has approved a capital expenditure of Rs 710 crore for setting up a new manufacturing site at Dahej, Gujarat. This new manufacturing facility will have capability to produce multi products. Product portfolio of the first phase will be: � Specialties - Diketene and Ketene derivatives� Essentials - Esters, Anhydrides and Aldehydes derivativesThe proposed capacity addition will be more than 1,00,000 tonnes per annum. The new site is expected to come on stream approximately in 3 years. Powered by Capital Market - Live News

Net profit of Laxmi Organic Industries declined 40.51% to Rs 38.33 crore in the quarter ended June 2023 as against Rs 64.43 crore during the previous quarter ended June 2022. Sales declined 3.04% to Rs 733.58 crore in the quarter ended June 2023 as against Rs 756.61 crore during the previous quarter ended June 2022. ParticularsQuarter Ended�Jun. 2023Jun. 2022% Var. Sales733.58756.61 -3 OPM %10.5413.27 - PBDT76.69100.10 -23 PBT55.7386.51 -36 NP38.3364.43 -41 Powered by Capital Market - Live News