Galaxy Surfactants Limited announced its quarterly results on June 25, 2020. The company reported 9.98% rise in consolidated net profit to Rs 62.80 crore on 4.2% fall in total income to Rs 656.66 crore in Q4 March 2020 over Q4 March 2019.

 

Consolidated profit before tax for Q4 March 2020 stood at Rs 81.58 crore, rising 4.6% from the year ago period. Total tax expenses stood at Rs 18.78 crore in Q4 March 2020 as against Rs 20.9 crore in Q4 March 2019.

 

Fur the full year, the company reported net sales of Rs.2602.30 crore as compared to Rs.2767.67 crore in 2019. Net profit rose to Rs.230.41 crore as against Rs.190.98 crore in the previous year.

 

In terms of COVID impact, Galaxy Surfactants said the company's products have been classified as essential items as they are used for cleaning and sanitizing purposes. The company does not expect any substantial contraction in the demand for its products post COVID 19 as they are used in manufacture of consumer cleaning products in home and personal care. The company does not expect demand for premium category specialty products being impacted by down trading due to decline in consumer incomes. Business will get impacted to the extent operations are impacted on account of restrictions on movement of cargo, the company said.