Mumbai, February 11, 2025 – Galaxy Surfactants Ltd. (NSE: GALAXYSURF, BSE: 540935) has announced its unaudited financial results for the quarter and nine-month period that ended December 31, 2024.
Key Financial Highlights (₹ in Crores)
Particulars
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
FY24 (Audited)
Revenue from Operations
1,041.69
1,062.99
940.49
3,078.74
2,865.38
3,794.38
Total Income
1,045.66
1,071.68
946.87
3,096.80
2,876.93
3,829.84
EBITDA (Calculated)
109.54
132.34
118.87
362.33
372.11
497.68
Profit Before Tax (PBT)
76.90
104.49
87.84
280.33
281.51
375.47
Net Profit (PAT)
64.61
84.71
71.37
229.04
223.97
301.47
Earnings Per Share (EPS) (₹)
18.22
23.90
20.13
64.60
63.17
85.03
Revenue for Q3 FY25 stood at ₹1,041.69 crores, a 10.8% YoY increase from ₹940.49 crores in Q3 FY24.
Net profit for the quarter was ₹64.61 crores, reflecting an 8.7% decline QoQ from ₹84.71 crores in Q2 FY25 and a marginal YoY decline from ₹71.37 crores in Q3 FY24.
EBITDA stood at ₹109.54 crores, down 17.2% QoQ, impacted by higher input costs.
EPS for Q3 FY25 was ₹18.22, compared to ₹23.90 in Q2 FY25 and ₹20.13 in Q3 FY24.
Segment Performance & Business Updates
Core Business: The company continues to focus on surfactants and specialty ingredients for the personal and home care sectors.
International Presence: Subsidiaries include Galaxy Chemicals (Egypt), Galaxy Surfactants Americas Inc., and new entities such as Galaxy Surfactants Mexico S.A. de C.V. and Tri-K Mexico S.A. de C.V., which were added in late 2024.
Raw Material Costs: Material costs rose 20% YoY, impacting margins.
Operational Highlights: The company reported an inventory adjustment of ₹47.67 crores, reflecting optimized stock management.
Standalone Performance
For the standalone entity, revenue stood at ₹727.32 crores, down 7% QoQ but up 8% YoY. PAT came in at ₹29.42 crores, significantly lower than Q2 FY25’s ₹64.84 crores due to reduced operational efficiency.
Corporate Announcements
The Board approved the financials at its February 10, 2025 meeting.
The company received an order from Gujarat Industrial Development Corporation (GIDC) regarding land vacation proceedings, carrying a book value of ₹74.04 crores. An interim stay has been granted, and management remains confident of a favorable resolution.
Management Commentary
K. Natarajan, Managing Director, stated: "We are witnessing a resilient demand for our surfactant solutions globally. While Q3 faced margin pressures due to higher input costs, our focus remains on operational efficiency and expansion into new geographies."
Outlook
Management remains optimistic about volume growth, particularly in North America and Latin America.
Focus on cost optimization strategies to mitigate margin pressures.
Continued R&D investments in sustainable surfactants for long-term growth.
Financial Stability
Zero financial indebtedness as of December 31, 2024.
No outstanding defaults on loans or debt securities.
Conclusion
Despite margin pressures, Galaxy Surfactants remains on a growth trajectory, with expanding global operationsand strategic cost-control measures in place to drive sustainable long-term profitability.