Shree Pushkar Chemicals & Fertilizers Limited, a leading manufacturer of Dyes, Dye Intermediates, and Fertilizers with a product portfolio of more than 25 products, Q1 FY22 revenue reached Rs. 118.5 crore, growth of 86% on y-o-y basis whereas PAT at Rs. 13.4 crores, growth of ~12x on y-o-y basis. 

Volume growth for Q1 FY22 stood at 20% as compared to the same quarter last year. Dye Intermediates (DI) planned a Capex of Rs. 85 crore to further expand the DI capacities to around 22,000 TPA. The Capex plan is on track having already incurred around 94% of the planned capex and commercial production is expected by Q2 FY22.

Commenting on the Results, Punit Makharia, CMD said, “We had challenges in Q1 FY22 due to partial lockdowns & supply chain disruptions on account of second wave of Covid-19, alongside we also faced impact on our production schedule due to “Cyclone Tauktae” hitting the shores of Maharashtra and Gujarat in May 2021."

Despite all the challenges we were able to grow in terms of volume & revenues. Revenue growth for Q1 FY22 stood at 86% & PAT growth was ~12 times over the same quarter last year, added Makharia.

The company is uniquely placed as one of the few market players equipped in both forward and backward integration and operates from 8 sites pan India and its process has strong quality control to make it a zero-waste company.