Specialty chemical firm Galaxy Surfactants announced Q3FY23 results: Consolidated 9MFY23: Total volumes stood at 1,72,919 MT for 9MFY23, down 2.1% YoY basis Total revenue (including other income) stood at Rs 3,473.6 crore, a YoY growth of 31.4% EBITDA stood at Rs 436.6 crore, with YoY growth of 63.5% PAT stood at Rs 290.5 crore, with YoY growth of 76.7% Commenting on the performance Mr. U. Shekhar, Managing Director, Galaxy Surfactants Limited said, “This has been a good quarter for us. On the macro front, while global demand continues to remain uncertain, a significant improvement on the supply front has aided performance. India remains a bright spot for us. While the slowdown in Europe adversely impacted specialty volumes in this quarter, QoQ improvement in AMET volumes is a positive sign. As it is said 'Offense wins Games but Defence wins Championships'; this year continues to test our defence. Despite the multifold challenges, your company has delivered its highest EBITDA and net profit in this quarter. A robust business model, strong risk management practices, judicious price calls along with experience in handling such volatility has enabled us to deliver this. To summarize, while subsiding inflation along with improving supply side factors offer a ray of hope, global pickup in consumption holds the key now.” Result PDF
Conference Call with Galaxy Surfactants Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Galaxy Surfactants Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.