Galaxy Surfactants Q1 Review - Performance Driven By A Better Product Mix, New Age Products: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Against the guided Ebitda/kg of Rs 16-18, Galaxy Surfactants Ltd. reported an Ebitda/kg of Rs 26.8 (61% higher than our estimate, up 48% YoY). The current supply chain disruption has boosted demand, which is sold at a premium and aided the higher-than-usual margin in the past two quarters. Total volumes declined by 4% QoQ and 8% YoY to 55.3 thousand million tonne (versus 57.5 tmt in Q4 FY22). Galaxy Surfactants said global demand continues to witness a cut back, although demand from the Indian market remains stable (expected to gain momentum from Q2 FY23 due to festive demand). Signs of a slowdown are also visible in Europe, which adversely affected volumes of specialty care products. Supplyside constraints are improving and usher stability to earnings, with a sustainable Ebitda/kg of Rs 16-18..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Galaxy Surfactants Q1 Review - Performance Driven By A Better Product Mix, New Age Products: Motilal Oswal

Galaxy Surfactants Q1 Review - Performance Driven By A Better Product Mix, New Age Products: Motilal Oswal

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