Galaxy Surfactants sizzles after robust Q4 result

Galaxy Surfactants surged 8.73% to Rs 1,184.75 at 10:30 IST on BSE after consolidated net profit rose 42.64% to Rs 57.10 crore on 6.25% rise in total income to Rs 685.48 crore in Q4 March 2019 over Q4 March 2018.

The result was announced after market hours yesterday, 28 May 2019.

Meanwhile, the S&P BSE Sensex was down 99.49 points, or 0.25% to 39,650.24

On the BSE, 7,224 shares were traded in the counter so far compared with average daily volumes of 745 shares in the past two weeks. The stock had hit a high of Rs 1,237 and a low of Rs 1,115.90 so far during the day.

 

Galaxy Surfactants' consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose 38.3% to Rs 98.80 crore in Q4 March 2019 over Q4 March 2018. EBITDA margin expanded to 14.4% from 11.1%.

Galaxy Surfactants is a leading manufacturer of performance surfactants and specialty care products with over 200 product grades. These products are used in consumer-centric home and personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products etc.

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