Galaxy Surfactants Q1 Review - Demand Outlook Remains Robust; Supply Chain Frail: Motilal Oswal
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.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.