Galaxy Surfactants spurts after stellar Q4 earnings

18 May 2022 , 02:48 PM

Consolidated profit before tax surged 33.7% to Rs 124.36 crore in Q4 FY22 from Rs 93.02 crore in Q4 FY21. EBITDA for Q4 FY22 stood at Rs 146.2 crore as against Rs 120 crore in Q4FY21, registering a growth of 22% on a YoY basis. EBITDA margin stood at 13.9% in Q4 FY22 from 15.3% in Q4 FY21. The specialty chemical maker said supply led volatility adversely impacted performance. Total volumes stood at 57,512 million tones (MT) for Q4 FY22 as against 63,007 MT in Q4 FY21, down by 8.7% year-on-year (YoY). Meanwhile, EBITDA per MT stood at Rs 25,410 for Q4 FY22 as against Rs 19,039 in Q4 FY21, a growth of 33.5% on a YoY basis. On full year basis, the company reported a 13% decrease in net profit to Rs 262.8 crore on a 32.4% rise in net sales to Rs 3,685.7 crore in FY22 over FY21. Commenting on the performance, U. Shekhar, managing director of Galaxy Surfactants said, ?This has been a robust quarter for us. Amidst the global uncertainties, Galaxy has reported its highest quarterly profit. Though the overall performance this year has been muted, we have ended the year on a strong note. Growth driven by our new-age products in the developed markets has facilitated this. If FY22 was about managing the supply-side risks, we believe, FY23 will be about managing both; the Supply as well as the Demand-side risks.? He further added, ?While the global scenario remains precarious, inflationary headwinds have now started impacting demand. We are seeing the first signs of demand cutbacks and downtrading in parts of India and AMET. Deteriorating supply conditions due to the Russia-Ukraine war and lockdowns in China will further exacerbate this. Given this backdrop, we begin FY 23 on a cautious note. While the focus will remain on growth, we believe, it is effective risk management that will differentiate and separate the best from the rest and we at Galaxy are geared up for that.? Meanwhile, the board of directors of the company recommended final dividend of Rs 18 per equity share, for the financial year ended 31 March 2022. Galaxy Surfactants is leading manufacturers of Performance Surfactants and Specialty Care products with over 210 product grades. Powered by Capital Market – Live News