Galaxy Surfactants Q4 Results: Profit Declines 14.4%, Meets Estimates

Galaxy Surfactants Ltd.'s consolidated net profit decreased 14.4% in the fourth quarter of financial year 2024, in line with analysts' estimates.

The company posted a profit of Rs 78 crore in the quarter-ended March, in comparison with a profit of Rs 91 crore in the year-ago period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had estimated a profit of Rs 75 crore.

Galaxy Surfactants Q4FY24 Results (Consolidated YoY)

• Revenue down 5.2% to Rs 929 crore versus Rs 980 crore (Bloomberg Estimate: Rs 957 crore

• EBITDA down 24.4% to Rs 102 crore versus Rs 135 crore (Bloomberg Estimate: Rs 119 crore)

• Margin at 10.9% versus 13.7% (Bloomberg Estimate: 12.40%)

• Net profit down 14.4% to Rs 78 crore versus Rs 91 crore (Bloomberg Estimate: Rs 75 crore)

Shares of Galaxy Surfactants closed 1.08% lower at Rs 2545.10 apiece, as compared with a 0.12% advance in the benchmark Nifty 50 on Tuesday