Yasho Industries registers highest ever revenue by 41% yoy to Rs110cr, EBITDA grows 76%

The Board of Directors has recommended the dividend of Rs0.50 per equity share of the face value of Rs10 each for FY21.

May 14, 2021 03:05 IST India Infoline News Service

Quarterly Results
Yasho Industries Ltd, a leading Indian global manufacturer & supplier of specialty and fine chemicals, has announced its audited financial results for the quarter and financial year ended 31st March, 2021.

Performance at a glance:
  • Revenue at Rs110.1cr, a growth of 41% yoy basis
  • EBITDA at Rs19.2cr, growth of 76% on yoy basis
  • PAT at Rs9.1cr, growth of 288% on yoy basis
  • Production volume stood at 2,325 MT, a growth of 38 % on yoy basis
  • The Board of Directors has recommended the dividend of Rs0.50 per equity share of the face value of Rs10 each for FY21
Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are pleased to report the highest quarterly & annual performance for our company. Demand for all major chemicals have seen growth in H2FY21 as compared to H1FY21 despite all ongoing challenges in the country and the global market.

Our revenue grew by 41% on YoY basis for the quarter at Rs110.1cr. Our sales volume grew by 38% and EBITDA grew by 76%. Rubber chemicals, Lubricant chemicals & Speciality chemical businesses continue to witness higher growth as compared to Food Antioxidants & Aroma Chemicals.

Our export business which contributes more than 60%, has maintained its growth momentum. This was primarily due to strong product quality and long-standing relationships with major MNC’s. Our primary goal would be to ramp-up our existing capacity to an optimum level and increase contribution from rubber chemicals, lubricant additive, and specialty chemical business.

We are witnessing a shift in international trade patterns and believe this is an opportune time for the Indian chemical players like us. We are committed to delivering long-term growth and are ready to encapsulate the upcoming opportunities."

At around 3:20 PM, Yasho Industries was trading at Rs440 per piece higher by Rs18.90 or 4.49% on Sensex.

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