Galaxy Surfactants

Speciality chemicals maker Galaxy Surfactants on Thursday reported a 48.9 per cent decline in consolidated profit after tax (PAT) to Rs 42 crore for the September 2021 quarter. The company's consolidated PAT for the corresponding period of previous fiscal stood at Rs 82 crore, Galaxy Surfactants said in a statement. Its total revenue during July-September 2021 grew 22 per cent to Rs 882 crore, compared with Rs 723 crore in the year-ago period. "This has been a challenging quarter for us. While the demand scenario remains intact and robust, our ability to service the same got seriously impinged in this quarter. "While quarter-on-quarter, the volumes have de-grown marginally by 2 per cent, y-o-y, we have registered a decline of seven per cent," Galaxy Surfactants Managing Director U Shekhar said. The second quarter began with availability issues with respect to Lauryl Alcohol (sourced from SE Asia which was majorly shut due to the pandemic) and Ethylene Oxide, the two key feedstocks

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The stock dipped 2% to Rs 1,400, extending its past three days 5% on the BSE