Yasho Industries stock slumps ~4% despite PAT increases 145% yoy in Q4FY22

2 May 2022 , 09:48 AM

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 March 31, 2022.

Key Highlights:

• Revenue at Rs624.1 crore, a growth of 68.9% yoy basis
• EBITDA at Rs103.7 crore, growth of 75.5% on yoy basis
• PAT at Rs52.7 crore, growth of 145.5% on yoy basis
• Volume stood at 11,054 MT, a growth of 43.3% on yoy basis
• The Board of Directors has recommended the dividend of Rs0.50 per equity share of the face value of Rs.10 each for FY22

Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are pleased to report the highest annual performance for the company. Demand for all major chemicals have seen robust growth in FY22 as compared to FY21 despite all ongoing challenges in the country and the global market.

Total Revenue for the year stood at Rs 624.1 Cr, a growth of 68.9% on YoY basis. Our sales volume for FY22 grew by 43.3% and EBITDA margin grew by 100 bps. Our rubber chemicals, lubricant additives & specialty chemical businesses continue to witness growth.

Our export business has contributed 64% in revenue and has maintained its growth momentum. This was primarily dueto the high quality of our products and long-standing relationships with major customers. This quarter we have witnessed unprecedented pressure on the margins due to volatile pricing of raw material, increasing energy & freight costs.

We are pleased to inform you that, we are well on track with our planned capex of Rs350 crore. which will bring in an additional capacity of 15,500 MT. Following this expansion, the total capacity of the company will stand at 26,500 MT. The company is awaiting the approval of environmental clearance from the government which we expect to obtain in the coming months."

On Monday morning trade, Yasho Industries was trading at Rs1748 per piece lower by 3.72% on the BSE.