Total volumes stood at 57,512 million tones (MT) for Q4 FY22 as against 63,007 MT in Q4 FY21, down by 8.7% year-on-year (YoY). Meanwhile, EBITDA per MT stood at Rs 25,410 for Q4 FY22 as against Rs 19,039 in Q4 FY21, a growth of 33.5% on a YoY basis.
On full year basis, the company reported a 13% decrease in net profit to Rs 262.8 crore on a 32.4% rise in net sales to Rs 3,685.7 crore in FY22 over FY21.
Commenting on the performance, U. Shekhar, managing director of Galaxy Surfactants said, “This has been a robust quarter for us. Amidst the global uncertainties, Galaxy has reported its highest quarterly profit. Though the overall performance this year has been muted, we have ended the year on a strong note. Growth driven by our new-age products in the developed markets has facilitated this. If FY22 was about managing the supply-side risks, we believe, FY23 will be about managing both; the 'Supply' as well as the 'Demand-side' risks.”
He further added, “While the global scenario remains precarious, inflationary headwinds have now started impacting demand. We are seeing the first signs of demand cutbacks and downtrading in parts of India and AMET. Deteriorating supply conditions due to the Russia-Ukraine war and lockdowns in China will further exacerbate this. Given this backdrop, we begin FY 23 on a cautious note. While the focus will remain on growth, we believe, it is effective risk management that will differentiate and separate the best from the rest and we at Galaxy are geared up for that.”
Meanwhile, the board of directors of the company recommended final dividend of Rs 18 per equity share, for the financial year ended 31 March 2022.
Galaxy Surfactants is leading manufacturers of Performance Surfactants and Specialty Care products with over 210 product grades.
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