Total volumes stood at 59,364 million tons (MT) for Q3 FY23 as against 58,027 million tons (MT) in Q3 FY22, up by 0.6% YoY.

Among geographies, the Indian market recorded a growth of 12.2% YoY. However, Rest of the world markets and Africa Middle East Turkey (AMET) markets de-grew 8.9% YoY and 6.4% YoY, respectively.0

While Performance Surfactants volume rose 5.9% YoY to 39,156 MT, Specialty Care Products volume declined 8.7% to 19,208 MT in Q3 FY23 over Q3 FY22.

Profit before tax soared 127% to Rs 130.69 crore in the quarter ended 31 December 2022 from Rs 57.58 crore reported in the same period last year.

EBITDA jumped 101.9% to Rs 157.8 crore in Q3 FY23 from Rs 78.1 crore in Q3 FY22. EBITDA margin improved to 14.6% in Q3 FY23 as compared to 8.4% in Q3 FY22.

EBITDA per MT stood at Rs 27,037 for Q3FY23 as against Rs 13,468 in Q3FY22, a growth of 100.8% on a YoY basis.

Shekhar, managing director, Galaxy Surfactants, said, “On the macro front, while global demand continues to remain uncertain, a significant improvement on the supply front has aided performance. India remains a bright spot for us. While the slowdown in Europe adversely impacted specialty volumes in this quarter, QoQ improvement in AMET volumes is a positive sign.”

Galaxy Surfactants is leading manufacturers of performance surfactants and specialty care products with over 220+ product grades. These products are used in consumer-centric home and personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products etc.