Yasho Industries Ltd has posted net profit of Rs. 15.68 crores for the quarter ended March 31, 2023 as against net profit of Rs. 13.31 crores for the quarter ended March 31, 2022.

The company has reported total income of Rs. 153.47 crores during the quarter ended March 31, 2023 as compared to Rs. 185.32 crores during the quarter ended March 31, 2022.

For the Financial Year ended March 31, 2023, Yasho Industries has posted net profit of Rs.67.86 crores as against net profit of Rs.52.28 crores for the Financial Year ended March 31, 2022.

The company has reported total income of Rs.682.59 crores during the Financial Year ended March 31, 2023 as compared to Rs.622.98 crores during the Financial Year ended March 31, 2022.

Commenting on the result, Parag Jhaveri, Managing Director & CEO, Yasho Industries, said: “Our ability to adapt and respond to market dynamics ensured a significantly improved performance this quarter. We have continued to focus on our core strengths while also exploring new opportunities that align with our business objectives.

“The strong traction witnessed in our exports market is noteworthy and to capitalize further, exports will be a high priority going forward. Our focus on industrial chemicals has been paying off, and we believe that this sector holds great potential for our business. We will continue to invest in research and development to develop high-quality products that cater to our customers’ demands.

“Our greenfield project at Pakhajan is on track and is expected to commence production in Q4 FY24. This project is an essential part of our growth strategy, and we are confident that it will create significant value for our stakeholders.

“Overall, we are optimistic about our business trajectory and we are excited about the future prospects of our company. We remain committed to creating long-term value for our stakeholders and look forward to continued growth in the coming years.”