EBITDA (including other income) was at Rs 120.8 crore in Q3 FY25 from Rs 81.5 crore in Q3 FY24, registering the growth of 48.22% year on year. EBITDA margin improved 31% in Q3 FY25 from 27% in Q3 FY24.

Total expense jumped 24.85% year on year to Rs 327.09 crore during the quarter. Cost of materials consumed stood at Rs 272.68 crore (up 85.12% YoY), while employee benefits expense was at Rs 20.09 crore (down 20.09% YoY) during the period under review.

On a 9-month basis, the company's consolidated net profit declined 23.57% to Rs 97.04 crore on 12.64% drop in revenue from operations to Rs 938.30 crore in 9M FY24 over 9M FY23.

Meanwhile, the company announced that it has signed a Letter of Intent (LOI) with a US-based multinational corporation worth Rs 1,697 crore to supply a high-performance specialty chemical used in critical polymer applications. The supply of this product will span the next 10 years.

Speaking on the performance, Anand Desai, managing director of Anupam Rasayan, commented, “Our Pharma and Polymer segments, which have emerged as key growth drivers, continue to strengthen their contribution to our revenue.

Both segments, coupled with the strong performance of Tanfac, led to significant growth this quarter, fueling a robust 31% QoQ revenue growth in Q3 FY25 on a consolidated basis. For the full year, we expect them to play a substantial role in overall revenue, with this upward trend projected to continue into FY26. Additionally, the agrochemical segment has shown signs of recovery, particularly in the European market.

With strong demand momentum and expected off-take from our customers, we anticipate regaining our growth trajectory in the next financial year, aiming for a 30–35% revenue increase in FY26."

Anupam Rasayan India is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. Its business verticals are life science-related specialty chemicals, comprising products related to agrochemicals, personal care and pharmaceuticals, and other specialty chemicals, comprising specialty pigment and dyes, and polymer additives.