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Speciality Chemicals company Galaxy Surfactants announced FY24 results:
- Total Revenue: Rs 3,829.8 crore
- EBITDA: Rs 497.7 crore
- PAT: Rs 301.5 crore
- Performance Surfactant:
- Revenue: Stood at Rs 2,259.6 crore
- Volume: Low-single-digit volume growth YoY
- Specialty Care:
- Revenue: Stood at Rs 1,570.2 crore
- Volume: Mid-double-digit volume growth YoY
Commenting on the performance, K. Natarajan, Managing Director, Galaxy Surfactants Limited, said, “FY24 has been a positive year for us. While the EBITDA/MT did decline compared to FY23, the QoQ stabilization of the absolute EBITDA and the Volume growth reported every quarter, were the major positives.
Double-digit Volume growth in ROW Markets, despite the destocking cycle playing out for a major part of the year, was a major highlight.
The India story continues to shine; rural recovery and above average rainfall hold the key going ahead. While the Red Sea escalation did impact AMET volumes in January, demand made a strong comeback in February and March.
Looking ahead, while FY 24 saw the resumption of the volume momentum, we strongly believe FY25 will see the resumption of our profitability momentum. Accelerated approvals, along with pickup in Premium specialties, will be the key drivers for the same.”
FAQ’s on Galaxy Surfactants Ltd Shares
