We reaffirm our commitment to future-ready growth and enhanced value creation, and to building the Valiant of tomorrow.
With deep domain knowledge, a specialised business model, and competitive advantages, we worked towards achieving synergistic growth.
Today, we have robust financials, a healthy bottom line, and a near debtfree balance sheet. We are leveraging the growing addressable market and rising industry opportunities to fulfil our vision of a sustainable and profitable progress.
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It has been barely three months of the current fiscal year since I took charge as Managing Director of Valiant Organics Limited (VOL). I joined at a time when VOL was passing through rough weather. FY 2023-24 and FY 2024-25 have been among the roughest and toughest times in the history of your Company.
EBITDA has improved to some extent, from 42 Crores in FY 2023-24 to 61.81 crore in FY 2024-25, but Profit after Tax has remained negative. Yield improvements, better capacity utilisation, and cost reductions are some of the areas on which our team has begun to focus, and we will continue to strengthen these efforts in the years ahead.
I am pleased to present our FY 2024-25 Annual Report. The period was marked by its steady course correction. The first half of the fiscal tested our preparedness with fluctuating input prices and muted demand. During this time, we focussed on our core chemistries and improved process stability across all sites. However, in the second half of the fiscal, demand improved across dyes, pigments, agrochemicals, and pharmaceutical sectors, bringing in some relief.
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