Waldies Compound Limited, a top player in the specialty chemicals sector, has proudly announced an exceptional performance in the first two quarters of the fiscal year 2024, achieving unprecedented milestones and projecting substantial growth.
The company reported an impressive revenue of INR 177 crores for H1 2024, surpassing its entire FY2023 revenue of INR 196 crores. This 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, Waldies Compound Limited, 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.
The company is also excited to announce its participation in the upcoming Plastivision 2023, a premier international plastic convention. Waldies is one of the oldest manufacturers of specialty chemicals that deals with B2b companies at large. The company produces PVC Stabilizers, Additives, Red Lead Oxide, Calcium & Zinc related performance chemicals for Wires, Cables, Pipes, Floorings, Ceramics and Battery industries. The company boasts of its clientele with mega conglomerates as Exide Industries & Havells India Ltd.
Founded in the year 1858 by Scottish chemist Dr. David Waldie in Calcutta, Waldies produces a varied range of chemicals that are used in ceramics, batteries, PVC, rubber, explosives, and more. The company has pioneered in the manufacturing of PVC Stabilizers over the years ever since the company first produced it in the early 20th century.
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