Yasho Industries Ltd, a leading Indian global manufacturer & supplier of specialty and fine chemicals, with a strong international presence has announced its financial results for the quarter ended 30th June 2020.

 

The revenue for Q1FY21 stood Rs 729.56 million which declined 11.50% YoY. The EBITDA is up by 23.09% from 89.46 million to 110.12 million YoY. Profit After Tax stands at 28.49 million, growth of 5.60% YoY from 26.98 million. The EBITDA margins improved from 10.85% to 15.09% on a YoY basis and the PAT Margins also improved by about 64 bps from 3.27% to 3.91% YoY.

  

The company has successfully commissioned & expanded their state-of-the-art plant at their unit 2 facility in Gujarat. With this strategic expansion, the company aims to generate an increase of 20-30% in its revenue, in the coming two years. The commissioning of a new Unit 3 facility was completed in March 2020.

 

This ambitious project is funded by internal accruals. This unit will focus on specialty chemicals and will further improve revenue by 10-15% over the next two years.

 

Commenting on the performance, Parag Jhaveri, Chairman and Managing Director, said, “This period has been one of the most challenging time for us like everyone with a raging pandemic and multiple lockdowns. Despite this, we have been able to deliver quality products to our customers in India and around the world. It is a testimony to our strong client relationships based on Trust & Quality. Delivering goods under severe restrictions also strengthens the faith and reliance of our stakeholders in us.

 

The journey of margin improvement that we started in the last year with our new plant additions and valueadded products entering the product mix continued even in this quarter. We were able to achieve significantly better margins due to the evolved product mix. The drop in the revenue is purely on the account of loss in the days due to the lockdown in the month of April.

 

We are extremely confident due to strong client support with a rolling order book from our multinational clients to continue on our upward trend for the future. We are also seeing an uptick in overall demand for all our products and we expect pre COVID demand levels very soon. We also are looking to be listed on the main board in this financial year.

 

We remain pleased with the progress we are making, yet we are conscious that we still have a long way to go. We believe that the combination of our sense of purpose, innovation strength, culture of customercentricity and a deep commitment towards continuous improvement is a compelling recipe for us, as we move towards a better future.”