Specialty Chemicals company Galaxy Surfactants announced Q2FY25 results Total Revenue: Rs 1,071.7 crore compared to Rs 985.8 crore during Q2FY24, change 8.7%. EBITDA: Rs 136.3 crore compared to Rs 127.6 crore during Q2FY24, change 6.9%. EBITDA Margin: 12.7% for Q2FY25. PAT: Rs 84.7 crore compared to Rs 77.4 crore during Q2FY24, change 9.4%. PAT margin: 7.9% for Q2FY25. K. Natarajan, Managing Director, Galaxy Surfactants, said: “Q2FY25 was a mixed quarter for us. While this Quarter has seen sequential Volume growth as well as YoY mid single digit volume growth driven primarily by our Specialty Care products; a slowdown in India remains an area of concern. The significant uptick in raw material prices combined with supply chain challenges did disturb momentum in this quarter and remains a major risk going ahead. While EBITDA/MT came in below the guided band of Rs 20,500-21,500 at 20,097/MT; improvement in premium specialties business should aid margins going ahead. We strongly believe, the sequential improvement seen in this quarter, is a major positive and the same should continue going ahead.” Result PDF
Conference Call with Galaxy Surfactants Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Specilaity Chemicals company Galaxy Surfactants announced Q1FY25 results: Total Revenue: Rs 979.5 crore EBITDA: Rs 129.5 crore PAT: Rs 79.7 crore Performance Surfactant Revenue: Stood at Rs 580 crore Volume: Mid single Digit Volume Growth YOY Specialty Care Revenue: Stood at Rs 399 crore Volume: Low teens Volume Growth YOY Commenting on the performance K. Natarajan, Managing Director, Galaxy Surfactants Limited, said, “In a world destabilized by volatile macros, logistical challenges and elongated lead times, attaining the upper range of guided volume growth was a major positive in this quarter. We strongly believe the volume momentum should be sustained going ahead, driven by growth across all geographies. While volume growth of 8% was in line with our expectations, the EBITDA/MT came in at Rs 20,197/MT,slightly below the guided band of Rs 20,500 – 21,500 /MT. Higher freight costs due to the abnormal increase in Freight rates across all locations contributed towards this. Despite multiple challenges, we are on track to regain our profitability trajectory. There are visible signs of improving demand for our premium specialties, which should improve our overall profitability. Volume Growth across all regions and segments was a major positive this quarter.” Result PDF
Conference Call with Galaxy Surfactants Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Speciality Chemicals company Galaxy Surfactants announced FY24 results: Total Revenue: Rs 3,829.8 crore EBITDA: Rs 497.7 crore PAT: Rs 301.5 crore Performance Surfactant: Revenue: Stood at Rs 2,259.6 crore Volume: Low-single-digit volume growth YoY Specialty Care: Revenue: Stood at Rs 1,570.2 crore Volume: Mid-double-digit volume growth YoY Commenting on the performance, K. Natarajan, Managing Director, Galaxy Surfactants Limited, said, “FY24 has been a positive year for us. While the EBITDA/MT did decline compared to FY23, the QoQ stabilization of the absolute EBITDA and the Volume growth reported every quarter, were the major positives. Double-digit Volume growth in ROW Markets, despite the destocking cycle playing out for a major part of the year, was a major highlight. The India story continues to shine; rural recovery and above average rainfall hold the key going ahead. While the Red Sea escalation did impact AMET volumes in January, demand made a strong comeback in February and March. Looking ahead, while FY 24 saw the resumption of the volume momentum, we strongly believe FY25 will see the resumption of our profitability momentum. Accelerated approvals, along with pickup in Premium specialties, will be the key drivers for the same.” Result PDF