Galaxy Surfactants Limited, a leading manufacturer of performance surfactants and specialty care products with over 220+ product grades used in the Home and Personal Care industry, Q1 FY23 total revenue (including other income) stood at Rs. 1,156.9 crore, a YoY growth of 39.2% and QoQ growth of 9.7% on account of improved sales mix and realizations.

The company's EBITDA stood at Rs. 146 crore, YoY growth of 29.2% while being flat on QoQ basis. The company achieved its highest ever quarterly PAT of Rs. 100.4 crore, YoY growth of 30.7% and QoQ growth of 2.0%.

Commenting on the performance U. Shekhar, Managing Director, Galaxy Surfactants Limited said, "Coming to Q1 FY23, this has been a strong quarter for us. While materialization of demand side risks did impact our volumes adversely, a healthy mix and leveraging on emerging opportunities ensured the highest profitability in this quarter."

"As stated previously, FY23 will be all about managing supply as well as demand side risks. While supply side factors did improve in this quarter, they are yet to revert to the Pre-pandemic levels. The inflationary scenario globally combined with the deterioration of macro factors of a few countries severely impacted the mass categories which in turn impacted our performance surfactant volumes adversely. The energy crisis in Europe and the impending slowdown remain a cause of worry and risk for our specialty care products going ahead," commented Shekhar. 

"While the input feedstock prices have sharply corrected in this quarter, a reversal of demand cutbacks is yet to be seen. While Q1 FY23 has been a good start, going ahead, a conducive environment will be helpful to ensure the momentum continues. At Galaxy, we remain committed to enabling and ensuring the same," said Shekhar.

"In FY 2016, Galaxy’s full-year Profit stood at Rs. 101 crore. It gives me immense pleasure to share with you all that despite numerous challenges we have witnessed in the last 6 years, Galaxy’s march has consistently continued; capitalizing on the emerging opportunities thus enabling it to log in a Quarterly Profit of 100 Crores in this Quarter. While growth is never linear, structural factors enabling this continue to remain robust thus ensuring a healthy outlook for your company in the years to come,” added Shekhar.

Total volumes stood at 55,272 MT for Q1 FY23 as against 59,864 MT in Q1FY22, down by 7.7% YoY. Performance Surfactants volume stood at 35,443 MT for Q1 FY23, down by 8.6% on a YoY basis whereas Specialty Care Products volume stood at 19,829 MT for Q1 FY23, down by 6% on a YoY basis. ROW markets de-grew by 5.5% YoY, Indian market grew by 2.6% YoY and AMET market de-grew by 21.3% YoY.