By: ICN Bureau
Last updated : February 01, 2022 6:28 pm
The company has posted net profit of Rs.38.96 crores for the 9 months period ended December 31, 2021.
Yasho Industries has posted net profit of Rs. 14.49 crores for the period ended December 31, 2021 as against net profit of Rs. 13.56 crores for the period ended September 30, 2021. The company posted net profit of Rs.6.36 crores for the period ended December 31, 2020.
The company has reported total income of Rs. 166.35 crores during the period ended December 31, 2021 as compared to Rs. 137.24 crores during the period ended September 30, 2021. The company reported total income Rs.97.49 crores during the period ended December 31, 2020.
For the 9 months period ended December 31, 2021, the company has reported total income of Rs.437.65 crores as compared to Rs.259.37 crores during the 9 months period ended December 31, 2020.
The company has posted net profit of Rs.38.96 crores for the 9 months period ended December 31, 2021 as against net profit of Rs.12.37 crores for the 9 months period ended December 31, 2020.
Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “We are delighted to report our quarterly and nine-month performance in terms of volumes, sales, and profitability, which has been driven by a mix of improved product mix and price realization. Total revenue for 9MFY22 was Rs 437.6 crores, an increase of 68.7% percent year on year. On a year-over-year basis, our sales volume increased by 49.5% and our EBITDA increased by 12.4% in 9MFY22.
We offer a comprehensive range of products to customers in India and around the world. Demand for all principal chemicals in our portfolio has been strong, led by the value-added products.
Relentless efforts of our R&D team are the key contributor to our company's growth and success. Over the years, we have increased our R&D spend to provide quality products to our clients. Furthermore, our technological capabilities have assisted us in identifying process bottlenecks and implementing specific initiatives to increase efficiencies and reduce costs. Our project of capacity expansion at our Unit 1 & Unit 2 has been completed and the company will benefit from this over the next few quarters.”