By: ICN Bureau
Last updated : November 12, 2021 9:59 am
Demand for all major chemicals has been healthy in H1 FY22 led by Rubber chemicals, Lubricant chemicals & Speciality chemical business
Yasho Industries Limited, a leading Indian global manufacturer and supplier of specialty and fine chemicals, has registered Q2 FY 22 revenue at Rs. 271.3 crore, a growth of 68% YoY basis.
The EBITDA for Yasho Industries for Q2 FY22 was Rs. 47.5 crore, a growth of 94% on YoY basis and PAT at Rs. 24.6 crore, registered a growth of 310% on YoY basis. Sales volume stood at 5,098 MT, a growth of 59% on YoY basis.
Parag Jhaveri, Managing Director & CEO, Yasho Industries Limited said, “Due to disruptions in China, global MNCs are looking into Indian chemical and agrochemical industries as an alternate supplier. COVID, logistical challenges, and now power constraints have accelerated the worldwide trend of de-risking the Chinese supply chain, which would benefit the Indian chemical suppliers like us. Due to these factors, limited supply is being sold at above-average prices throughout the world and we have benefited from this trend."
"We are pleased to report our highest ever quarterly and half-yearly performance in terms of volumes, sales & profitability. Total revenue for the H1 FY22 stood at Rs. 271 crores, a growth of 68% on a YoY basis. Our sales volume for H1 FY22 grew by 59% and EBITDA grew by 94% on a YoY basis. Demand for all major chemicals has been healthy in H1 FY22 led by Rubber chemicals, Lubricant chemicals & Speciality chemical business. Capacity expansion through debottlenecking has been completed and will serve incremental demand in H2 FY22. We serve over 1,000 clients in 50 countries and have been their long-term business partner thanks to our robust R&D strategy that generates value-add solutions," commented Parag.
"We have progressively built up our expertise in the invention, customization, production, and global distribution over the last few years. To meet international quality standards, we have put a lot of work into product development, product approval processes, and different worldwide certifications, especially the REACH certificate. In the worldwide market, we see great potential. These developments will boost our proficiencies and allow us to seize future opportunities," added Jhaveri.