Waldies’ Exceptional H1 2024 Performance and Growth Projections
Waldies Compound Limited, a prominent player in the specialty chemicals sector, has reported stellar results for the first half of fiscal year 2024, showcasing remarkable growth and achieving significant milestones.
H1 2024 Financial Highlights
In an impressive feat, Waldies recorded an astounding revenue of INR 177 crores for H1 2024, surpassing its entire FY2023 revenue of INR 196 crores. This outstanding achievement represents a remarkable 85% to 90% Year-on-Year growth, underscoring the company’s resilience and strategic acumen in a fiercely competitive market.
Sector-wise Success and Strategic Expansion
Operating across three strategic business units (SBUs) – Energy, PVC & Rubber, and Paints – Waldies witnessed notable success in the Energy sector during H1 2024. The company is also on track to achieve its ambitious target of a 20% Compound Annual Growth Rate (CAGR) for the fiscal year.
The strategic diversification of its product portfolio within the PVC SBU positions Waldies for further growth and opens doors for collaboration with industry leaders.
Global Expansion and Revenue Projections
Waldies is strategically positioning itself for international success, with significant revenue contributions expected from key markets in Europe, Africa, and South America in the latter half of FY2024. With a projected revenue target of INR 350 crores for FY2024, the company aims to enhance its global footprint and reputation significantly.
Visionary Leadership and Future Outlook
Deepak Ojha, Managing Director & CEO of Waldies Compound Limited, expressed gratitude to the Board of Directors for their unwavering support, highlighting the company’s ambitious revenue projection exceeding INR 350 crores for FY2024.
Anticipating a robust 90% revenue growth for H2 2024, Waldies remains committed to maintaining stable Earnings Before Interest and Taxes (EBIT) and Profit After Tax (PAT), showcasing a strong focus on operational efficiency and quality control.
Industry Leadership and Continuous Innovation
Waldies continues to set industry benchmarks for excellence, innovation, and strategic growth. Its exceptional performance in H1 2024 solidifies its position as a leading player in the specialty chemicals landscape, driven by a commitment to operational excellence and customer-centric solutions.
Commitment to Industry Leadership and Innovation
Waldies Compound Limited is excited to participate in Plastivision 2023, a prestigious international plastic convention. By showcasing its innovative products and solutions at this event, Waldies anticipates significant revenue growth for its PVC segment in Q4 of this fiscal year, aligning with its commitment to industry leadership and continuous growth.
Established in 1858 by Scottish chemist Dr. David Waldie in Calcutta, Waldies has been a pioneer in manufacturing specialty chemicals. The company’s diversified product range caters to various industries such as ceramics, batteries, PVC, rubber, explosives, and more, serving a wide clientele including major conglomerates like Exide Industries and Havells India Ltd.
