BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Galaxy Surfactants Ltd. reported a mixed set of numbers with higher-than-estimated revenue (up 36% YoY / up 5% QoQ), amid improved realisation, in line with higher raw material costs.
However, higher raw material and international freight costs impacted Ebitda which came in below estimates (up 20% YoY / down 8% QoQ), translating to gross margins of Rs 43.8/kilogram with the Ebitda margin at Rs 18.1/kg.
In Q1 FY22, volumes were lower on the back of a key raw material supply crunch due to supply chain disruption internationally.
Galaxy Surfactants' management believes the international logistics scenario is likely to remain challenging for the remaining months of FY22 as well.
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