By: ICN Bureau
Last updated : June 08, 2021 9:17 am
Revenue for the year ended March 31, 2021 was Rs. 283.08 crore in FY21 as compared to Rs. 283.64 crore in FY20
Asahi Songwon Colors Limited, India’s leading manufacturer of pigments for ink, plastics, paint, textile and the paper industry, has announced flat revenue for FY21.
Revenue for the year ended March 31, 2021 was Rs. 283.08 crore in FY21, as compared to Rs. 283.64 crore in FY20. EBITDA was Rs. 49.51 crore in FY21, as compared to Rs. 34.40 crore in FY20, a growth of 44%. PAT and PAT Margins were Rs. 31.95 crore and 11% in FY21 as compared to Rs. 22.83 crore and 8% in FY20, a growth of 40% and 300 bps respectively.
Revenue was Rs. 90.48 crore at end of Q4 FY21 as compared to Rs. 71.76 crore in Q4 FY20. PAT and PAT Margins were Rs. 6.16 crore and 6.8% in Q4 FY21.
Gokul M Jaykrishna, Joint Managing Director & CEO said, “I am pleased with the company's overall financial performance in an otherwise challenging year. While revenues have remained largely stable, the resilience in the EBITDA margins with an absolute growth of almost 44% is noteworthy."
"The company is now at an inflexion point where the investments in the Azo segment to the tune of Rs. 82 crore will start playing out over the medium to longer term. The Azo segment adds a new growth driver to the well established blue crude business that has been our cash cow over these years and will continue to be so. The company’s initial outreach to customers for the Azo segment has been favourable and our focus on complex products in this segment will enable us to derive value for the company and the shareholders.
We are well on our way to becoming one of the largest pigment players by enhancing our product basket to offer a full suite of colour range in organic pigments,” added Jaykrishna.
Asahi Songwon Colors Ltd. is currently manufacturing products for over 40 international and domestic customers. The company operates via its two manufacturing facilities in Padra and Dahej with an aggregate installed capacity of 16,800 MT as of March 31, 2021.