Galaxy Surfactants Limited - Q3FY22 Results

02 Nov 2023

• Total volume increased by 2.0% for 9MFY22, on a YoY basis
• Total Revenue (including other income) stood at Rs. 2,644.1 Cr, a YoY growth of 31.6% led by an increase in realizations owing to rising feedstock prices and better sales mix
• EBITDA stood at Rs. 267.1 Cr, YoY decline of 21.4%; primarily due to volatility in feedstock prices, unavailability of critical feedstocks, increased lead time caused by supply-side constraints. Further, the export incentive realized in Q3FY21 to the tune of Rs.14 crore was not realized this quarter.
• PAT stood at Rs. 164.4 Cr, YoY decline of 26.4%

• Total volumes stood at 58,027 MT for Q3FY22 as against 58,238 MT in Q3FY21, down by 0.4% YoY
  • ROW markets grew by 2.5%
  • Indian market grew by 6.9%
  • AMET market de-grew by 9.2%
  • Performance Surfactants volume stood at 36,983 MT for Q3FY22, up by 1% on a YoY basis
  • Specialty Care Products volume stood at 21,044 MT for Q3FY22, down by 2.7% on a YoY basis
• EBITDA for Q3FY22 stood at Rs. 78.2 Cr as against Rs. 122.5 Cr in Q3FY21, down by 36.2% on a YoY basis
• EBITDA/MT stood at Rs. 13,468 for Q3FY22 as against Reported EBITDA/MT of Rs. 21,036 in Q3FY21, down by -36.0% on a YoY basis
• EBITDA/MT stood at Rs. 13,468 for Q3FY22 as against Normalized EBITDA/MT (excluding export incentives realized from Egypt) of Rs. 18,632 in Q3FY21, down by 27.7% on a YoY basis
• AT stood at Rs. 45.6 Cr for Q3FY22 as against Rs. 85.2 Cr in Q3FY21 down by 46.5% on a YoY basis

• Total volumes stood at 1,76,706 MT for 9MFY22 as against 1,73,157 MT in 9MFY21, up by 2.0% YoY
  • ROW markets grew by 6.7%
  • Indian market grew by 11.4%
  • AMET market de-grew by 9.6%.
  • Performance Surfactants volume stood at 1,13,784 MT for 9MFY22, down by 0.6% on a YoY basis
  • Specialty Care Products volume stood at 62,922 MT for 9MFY22, up by 7.2% on a YoY basis
• EBITDA for 9MFY22 stood at Rs. 267.1 Cr as against Rs. 339.7 Cr in 9MFY21, down by 21.4% YoY basis
• EBITDA/MT stood at Rs. 15,114 for 9MFY22 as against Rs. 19,620 in 9MFY21, down by 23.0% YoY basis
• PAT stood at Rs. 164.4 Cr for 9MFY22 as against Rs. 223.5 Cr in 9MFY21 down by 26.4% YoY