Specialty chemicals company Yasho Industries announced Q1FY24 results: Revenue from operations of Rs 150.3 crore in Q1FY24 compared to Rs 177.2 crore in Q1FY23, down 15.2% YoY EBITDA of Rs 26.8 crore in Q1FY24 compared to Rs 33.8 crore in Q1FY23, down 20.7% YoY EBITDA margin of 17.8% in Q1FY24 compared to 19.1% in Q1FY23 Profit after tax of Rs 14.8 crore in Q1FY24 compared to Rs 19.4 crore in Q1FY23, down 24.6% YoY PAT margin of 9.6% in Q1FY24 compared to 10.7% in Q1FY23 Commenting on the results, Parag Jhaveri, Managing Director & CEO, said, “Yasho Industries demonstrated a stable performance in the first quarter of FY24, achieving 6% volume growth despite facing challenging macroeconomic conditions resulting from the Ukraine War, high-cost inventories, and significant price drop. Nonetheless, we remain resolute in navigating through these turbulent times and devised strategies to ensure a more resilient performance in the upcoming quarters. We are closely monitoring the situation and will continue to do so for the next few quarters. Regarding our capex initiatives, the greenfield project at Pakhajan is progressing as planned and is expected to commence production in early FY25. We consider this project crucial for our growth strategy and have strong confidence that it will create substantial value for our stakeholders. Despite the short-term challenges, our long-term strategy remains unchanged, focusing on expanding manufacturing capacities, diversifying the product portfolio, and extending our market reach." Result PDF
Specialty chemicals company Yasho Industries announced Q1FY23 results: Total Revenue stood at Rs 187.55 crore, a growth of 39.90% YoY basis EBITDA stood at Rs 35.02 crore, growth of 56.79% on YoY basis PAT stood at Rs 20.59 crore, growth of 88.71% on YoY basis Mr. Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are pleased to report strong quarterly performance. Total revenue for the quarter stood at Rs 187.55 crores, a growth of 39.90% on YoY basis. This was achieved by working at near full capacity and favorable product mix. We continue to see interest in our products from our customers and are confident to grow the business keeping a medium to long term view in mind. Due to global macroeconomic headwinds and capacity constraints, we see some volatility in the near-term revenue which we expect to continue for the next 1-2 quarters. Your company is doing its best to sustain the current sales momentum through better product mix and making more efficient use of our multi-purpose facilities. As stated in the past, we intend to expand capacity at a new greenfield facility in Pakhajan, Gujarat. The board has approved a capex of Rs 350 crore for the Phase 1 of the project. We are awaiting government approval for its environmental clearance, which we expect to receive in the coming months. Due to global macroeconomic headwinds and capacity constraints, we see some volatility in the near-term revenue which we expect to continue for the next 1-2 quarters. Your company is doing its best to sustain the current sales momentum through better product mix and making more efficient use of our multi-purpose facilities. As stated in the past, we intend to expand capacity at a new greenfield facility in Pakhajan, Gujarat. The board has approved a capex of Rs 350 crore for the Phase 1 of the project. We are awaiting government approval for its environmental clearance, which we expect to receive in the coming months. Result PDF
Specialty Chemicals company Yasho Industries declares Q3FY22 result: Revenue at Rs 437.66 Cr, a growth of 68.7% YoY basis EBITDA at Rs 75.74 Cr, growth of 89.6% on YoY basis PAT at Rs 39.2 Cr, growth of 217% on YoY basis Sales volume stood at 8,051 MT, a growth of 49.5% on YoY basis Mr. Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are delighted to report our quarterly and nine-month performance in terms of volumes, sales, and profitability, which has been driven by a mix of improved product mix and price realization. Total revenue for 9MFY22 was Rs 437.66 crores, an increase of 68.7% percent year on year. On a year-over-year basis, our sales volume increased by 49.5% and our EBITDA increased by 12.4% in 9MFY22. We offer a comprehensive range of products to customers in India and around the world. Demand for all principal chemicals in our portfolio has been strong, led by the value-added products. Relentless efforts of our R&D; team are the key contributor to our company's growth and success. Over the years, we have increased our R&D; spend to provide quality products to our clients. Furthermore, our technological capabilities have assisted us in identifying process bottlenecks and implementing specific initiatives to increase efficiencies and reduce costs. Our project of capacity expansion at our Unit 1 & Unit 2 has been completed and the company will benefit from this over the next few quarters.” Result PDF
Highlights: Revenue at Rs 271.3 Cr, a growth of 68% YoY basis EBITDA at Rs 47.5 Cr, growth of 94% on YoY basis PAT at Rs 24.6 Cr, growth of 310% on YoY basis Sales volume stood at 5,098 MT, a growth of 59% on YoY basis Mr. Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “Due to disruptions in China, global MNCs are looking into Indian chemical and agrochemical industries as an alternate supplier. COVID, logistical challenges, and now power constraints have accelerated the worldwide trend of de-risking the Chinese supply chain, which would benefit the Indian chemical suppliers like us. Due to these factors, limited supply is being sold at above-average prices throughout the world and we have benefited from this trend. We are pleased to report our highest ever quarterly & half-year performance in terms of Volumes, Sales & Profitability. Total revenue for the H1FY22 stood at Rs 271 crores, a growth of 68 % ona YoY basis. Our sales volume for H1FY22 grew by 59% and EBITDA grew by 94% on a YoY basis. Demand for all major chemicals has been healthy in H1FY22 led by Rubber chemicals, Lubricant chemicals & Speciality chemical business. Capacity expansion through debottlenecking has been completed and will serve incremental demand in H2FY22. We serve over 1,000 clients in 50 countries and have been their long-term business partner thanks to our robust R&D; strategy that generates value-add solutions. We are delighted to welcome Mr. Anurag Surana and Mr. Ullal Bhat as our new Non-Executive Directors and we will benefit from their vast experience. We have progressively built up our expertise in the invention, customization, production, and global distribution over the last few years. To meet international quality standards, we have put a lot of work into product development, product approval processes, and different worldwide certifications especially the REACH certificate. In the worldwide market, we see great potential. These developments will boost our proficiencies and allow us to seize the future opportunities." Result PDF