Waldies Compound Limited, a powerhouse in the specialty chemicals sector, proudly announces its exceptional performance in the first two quarters of the fiscal year 2024, achieving unprecedented milestones and projecting substantial growth.
During H1 2024, the company reported a remarkable INR 177 crores in revenue, surpassing its entire FY2023 revenue of INR 196 crores. This achievement marks an exceptional 85% to 90% Year-on-Year growth, showcasing the company’s resilience and strategic prowess in a highly competitive market.
Operating across three SBUs–Energy, PVC & Rubber, and Paints–Waldies achieved significant success in the Energy sector during H1 2024. The company is on track to meet its ambitious mission of a 20% CAGR for the fiscal year.
The strategic expansion of the product portfolio within the PVC SBU positions Waldies for further growth and collaboration with industry giants.
Waldies is strategically positioning itself for international success, targeting major revenue contributions from Europe, Africa, and South America in the second half of FY2024. With a projected revenue of INR 350 crores for FY2024, the company is poised to elevate its global reputation.
Deepak Ojha, Managing Director & CEO, expressed gratitude to the Board of Directors, stating, “This remarkable performance wouldn’t have been possible without the unwavering trust and support of our esteemed Board of Directors. We are poised to set a new industry benchmark by projecting revenues exceeding INR 350 crores for FY2024, a substantial leap from INR 196 crores in FY2023.”
Waldies anticipates a 90% growth in revenue for H2 2024, maintaining a stable EBIT and PAT. The company’s commitment to operational efficiency and quality control ensures a positive trajectory in the highly competitive specialty chemicals sector.
Waldies continues to set the industry standard for excellence, innovation, and strategic growth. The company’s exceptional performance in H1 2024 reinforces its position as a formidable force in the specialty chemicals landscape.
In addition, Waldies Compound Limited is excited to announce its participation in the upcoming Plastivision 2023, a premier international plastic convention. By showcasing innovative products and solutions at this esteemed event, the company anticipates a significant revenue boost for the PVC segment in the Q4 of this fiscal year. This participation aligns with the commitment to industry leadership and continuous growth.
Established in 1858 by Scottish chemist Dr. David Waldie in Calcutta, Waldies has grown to become one of the oldest manufacturers of specialty chemicals, with a client base including mega conglomerates such as Exide Industries & Havells India Ltd. The company produces PVC Stabilizers, Additives, Red Lead Oxide, Calcium & Zinc related performance chemicals for Wires, Cables, Pipes, Floorings, Ceramics, and Battery industries. Waldies has pioneered in the manufacturing of PVC Stabilizers over the years ever since the company first produced it in the early 20th century.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
