Galaxy Surfactants posts robust growth in Q1FY22

12 Aug 2021

Q1FY22 Consolidated Performance:

Total volume grew by15.4% for Q1FY22, on YoY basis
Total Revenue (including other income)stood at Rs. 830.9 Cr, a YoYgrowthof36.7% on account of better sales volumesin both Performance Surfactants and Specialty Care businessand better sales mix
EBITDA stood at Rs. 113.0Cr, YoY growth of 24.0%; driven by increasing share of specialty, better product mix due to new products and higher capacity utilization
PAT stood at Rs. 76.8Cr, YoY growth of 36.0%

Mumbai,10th August2021: Galaxy Surfactants Limited, a leading manufacturer of performance surfactants and specialty care products with over 205 product grades used in Home and Personal Care industry, has announced itsun-audited financial results for theQuarter 30th June 2021.

Commenting on the performance Mr. U. Shekhar, Managing Director, Galaxy Surfactants Limited said,

“FY 2021-22 has begun on a strong note, sustaining the momentum seen in FY 21. While the demand outlook continues to remain robust, as seen by the Volume growth registered in this quarter of 15.4%, worsening International Logistics scenario continues to adversely impact the business. Unavailability of critical raw materials in Q-1 further compounded the situation, restricting growth.

Segment wise, Specialty Products made a strong comeback in this quarter registering a 36.1% volumes growth. While this may be on a favorable base, sequentially the momentum has sustained, despite the worsening logistics scenario and COVID Wave II. The momentum in Performance Surfactants remains robust. While India and Rest of the World Markets saw volume growth of more than 25%, AMET volumes got adversely impacted due to Supply side constraints. To conclude, despite the multitude of challenges on hand, our teams have responded exceptionally well. While we expect the international logistics and volatile raw materials scenario to continue, the robust demand scenario gives us the required conviction and confidence for the quarters ahead.”

Performance Highlights:

Galaxy Surfactants Limited (Consolidated Results)
Particulars (Rs. Cr)	Q1FY21	Q1FY22	YoY%
Total Revenue*	607.8	830.9	36.7%
EBITDA*	91.1	113.0	24.0%
PAT	56.5	76.8	36.0%

* Including other income

Galaxy Surfactants Limited (Volume Break up)
Particulars	YoY Growth % (Q1FY22 vs Q1FY21)
Sales Volume	15.4%
ROW	28.6%
India	32.1%
AMET	-5.8%

Q1FY22 Performance

Total volumes stood at 59,864MT for Q1FY22as against 51,893MT inQ1FY22, up by 15.4% YoY
- ROW markets grew by28.6%dueto Specialty Care Products
- Indian market grewby 32.1%coming off a low base (Q1FY21)
- AMET market de-grew by 5.8% AMET volumes were adversely impacted due to Supply Chain constraints
- Performance Surfactants volume stood at 38,778MT forQ1FY22,up by 6.5% on YoY basis
- Specialty Care Products volume stood at 21,087MT for Q1FY22,up by 36.1%on YoY basis
EBITDA for Q1FY22 stood at Rs.113.0Cr as against Rs. 91.1Cr in Q1FY21,up by 24.0% YoY basis
Strong EBITDA/MT growth at Rs. 18,879for Q1FY22 as against Rs. 17,561in Q1FY21, up by 7.5% YoY basis
PAT stood at Rs. 76.8Cr forQ1FY22 as against Rs.56.5Cr in Q1FY21 up by 36.0% YoY

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