Atul Ltd Share Price – NSE  / BSE

Chemicals, Small Cap

The EIR was issued post the last inspection of the facility conducted from 6 May 2024, to 10 May 2024 which concluded with zero FDA 483 observations.

The company is engaged in manufacturing and marketing of active pharmaceutical ingredients (APIs), their intermediates and contract manufacturing operations.

Prabhakar Chebiyyam, managing director of ABL, said, “This is a significant milestone for our company and a testament to our commitment to maintaining quality, safety and compliance in our manufacturing processes. The successful completion of this inspection reflects the dedication and hard work of our entire team. It strengthens our resolve to deliver high-quality pharmaceutical products consistently and further improve our processes to meet the ever-evolving needs of the global pharmaceutical industry.”

Atul has one of the biggest integrated chemical complexes in India with a well-diversified product portfolio of around 900 products and 400 formulations. Geographically, its sales are almost evenly distributed between domestic and exports. It has marketing offices through its subsidiaries in USA, UK, Germany, UAE, China, Brazil, etc.

The company’s consolidated net profit had declined 40.15% to Rs 90.32 crore on a 19.74% fall in sales to Rs 1,193.71 crore in Q4 FY24 over Q4 FY23.

The scrip declined 0.31% to close at Rs 7,982.15 on Friday, 9 August 2024.

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Net profit of Atul rose 8.25% to Rs 111.88 crore in the quarter ended June 2024 as against Rs 103.35 crore during the previous quarter ended June 2023. Sales rose 11.85% to Rs 1322.05 crore in the quarter ended June 2024 as against Rs 1182.02 crore during the previous quarter ended June 2023.

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Atul will hold a meeting of the Board of Directors of the Company on 19 July 2024.

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Atul village received the prestigious Platinum Green Village certification from the Indian Green Building Council (IGBC), an initiative of the Confederation of Indian Industry. The IGBC evaluates villages based on various sustainability parameters to encourage green practices and infrastructure. This significant achievement recognises Atul village as a green village among six platinum villages.

Situated on the banks of Par river, Atul village is developed by Atul (Atul) in the Valsad district of Gujarat. Atul Foundation, the corporate social responsibility (CSR) entity of Atul, implements community upliftment and green initiatives, amongst others, in Atul and its surrounding villages.

The certification highlights the initiatives of Atul village, implemented by Atul Foundation in association with National Bank for Agriculture and Rural Development (NABARD): œ

 Implementing effective health and hygiene practices like solid waste management system, household and community toilets and the availability of healthcare facilities.

œ Developing robust and sustainable village infrastructure with model anganwadis, green forest covers and Miyawaki forest.

œ Promoting water conservation techniques like sewage treatment plants, rainwater harvesting systems and natural resource management projects.

œ Ensuring efficient energy use and availability through the use of LED lights and by harvesting solar energy.

œ Utilising eco-friendly materials and resources like bamboos, fly ash bricks and Mangalore tiles in construction activities.

œ Encouraging social and community engagement like the formation of self-help groups.

œ Fostering green innovations like waste management systems and gas-based crematorium.

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