Anupam Rasayan India Ltd Q4FY23 Results

This is a brief analysis of Q4 results of Anupam Rasayan India Limited. The Company was able to register a 47.7% y-o-y jump in consolidated revenues. The y-o-y comparison does not paint a true picture as Q4FY22 didn’t include Tanfac’s financials. On a standalone basis the Company achieved a y-o-y growth of 14.3%. Sequentially, standalone revenues increased by 25.9%. The high sequential growth was on the back of a tepid third quarter due to a fire at one of its units. During the last investors’ call, management had already guided for a robust growth in Q4.

For Q3 results update you may click here: Brief analysis of Q3 results of Anupam Rasayan India Ltd