Yasho Industries hits record high after PAT increases 282% yoy in Q1FY22

Sales volume stood at 2,445 MT, a growth of 73% on yoy basis

Aug 06, 2021 10:08 IST India Infoline News Service

Yasho Industries Limited has announced its un-audited financial results for the quarter ended on June 30, 2021.

Performance at a glance:
  • Revenue at Rs134.1cr, a growth of 84% yoy basis
  • EBITDA at Rs22.3cr, growth of 97% on yoy basis
  • PAT at Rs10.9cr, growth of 282% on yoy basis
  • Sales volume stood at 2,445 MT, a growth of 73% on yoy basis
Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are pleased to report our highest quarterly performance led by better product mix. Total revenue for the quarter stood at Rs134cr, a growth of 84% on yoy basis.

Our sales volume grew by 73% and EBITDA grew by 97% on yoy basis. Demand for all major chemicals has been healthy in Q1FY22 led by Rubber chemicals, Lubricant chemicals & Speciality chemical business.

Looking at the current demand for these products, we have incurred a Capex up to Rs10cr to enhance our existing capacity by 1,800 MTPA through debottlenecking at our unit 1 and unit 2 plant by 900 MTPA each. The said capacity expansion is expected to fully commercialize from Q3FY22 onwards and will be able to serve incremental demand.

Over the past few years, we have steadily built up our strengths in innovation, customization, manufacturing, as well as in global distribution. We have invested lots of effort in product development, product approval cycle, and various global certifications to match international quality standards.

We serve more than 1,000 clients across 40 countries and have been their long-term business partner backed by our strong R&D approach that creates value add chemistries. We foresee huge prospects in Rubber chemicals, Lubricant chemicals & Speciality chemical segments. This expansion will strengthen our capabilities and will be able to capture upcoming opportunities.”

On Friday, stocks hit 52-week high at Rs629.75 per piece during early trading deals on Sensex.

On Sensex, at around 10:35 AM, Yasho Industries was trading at Rs616.80 per piece higher by 17.53%.

Related Story

Open Free Demat Account (Rs699)