Results: Galaxy Surfactants reports an increase of 31% in PAT for FY 21; dividend of Rs 4 per share declared

Results: Galaxy Surfactants reports an increase of 31% in PAT for FY 21; dividend of Rs 4 per share declared

FPJ Web DeskUpdated: Wednesday, June 09, 2021, 01:19 AM IST
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Results: Galaxy Surfactants reports increase of 31% for FY 2020-21; dividend of Rs 4 per share declared |

Galaxy Surfactants' consolidated PAT stood at Rs 302.1 crore, year on year growth of 31.1 per cent. Meanwhile, the total Revenue (including other income) stood at Rs 2,794.9 crore, a year on year growth of 7.4 per cent.

The company’s EBITDA stood at Rs 459.7 crore, a growth of 22.6 per cent.

The Board of Directors has declared a final dividend of Rs 4 per equity share of Face Value of Rs 10 for the financial year 2021. This is in addition to the interim dividend of Rs 14 per equity share recommended in February 2021.

Galaxy Surfactants Managing Director U Shekhar said in the statement, "Our performance surfactants have registered a healthy 8.8 per cent volume growth and despite the disruptions in the first half, specialty care products have ended the year with a 1 per cent decline in volumes."

He added that despite the shutdown in the first quarter, volumes in India have grown 11.2 per cent compared to the previous year. Meanwhile, the total volume grew by 5.3 per cent for FY21, on a year on year basis.

The company’s EBITDA for March quarter of FY 2021 stood at Rs 120 crore, year on year growth of 16.9 per cent which is driven by increasing share of specialty, better product mix due to new products and higher capacity utilisation. The company’s PAT stood at Rs. 78.7 crore, a 25.3 per cent growth compared to the March quarter last year.

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