Speciality chemicals company Vipul Organics has reported a 45.83 per cent decline in consolidated profit after tax (PAT) to ₹78 lakh during the March quarter.

The company’s PAT stood at ₹1.44 crore during the corresponding period of the preceding fiscal, Vipul Organics said in a late regulatory filing on Friday night.

Its revenue grew 5.87 per cent during the quarter under review to ₹43.97 crore compared to ₹41.53 crore a year ago.

“The first phase of our greenfield Sayakha facility in Gujarat is expected to go online in the third quarter of 2025-26, which should help us increase our topline,” Vipul Organics Managing Director Vipul P Shah said.

The company, a key player in the pigments and dyes segment, has two manufacturing units in Maharashtra and is developing a greenfield facility in Gujarat.