The shares of one of the leading manufacturers of Performance Surfactants and Specialty Care products surged up to 7 percent on Thursday after the company announced a strategic collaboration with a global customer to provide EPC services.
Stock Performance
With a market capitalization of Rs 8,322.65 crore, Galaxy Surfactants Ltd jumped 7 percent in Thursday’s trading session and made a high of Rs 2,399 per share compared to its previous closing price of Rs 2,244.95 per share. The stock retraced from its day’s high and was trading at Rs 2,347.40 which is a 5 percent increase compared to the previous closing price.
What Happened
Galaxy Surfactants Limited, through its group entities, has formed a strategic collaboration with a global customer to provide EPC services. This includes process design and expertise, engineering, procurement, construction, and commissioning of their Performance Surfactants and Specialty Ingredients plant at an overseas location.
Additionally, the company is in advanced discussions to further strengthen this collaboration following the plant’s commissioning.
Company Overview
Galaxy Surfactants Ltd is a leading manufacturer of Performance Surfactants and Specialty Care products. The company has over 215 product grades, 7 strategically located facilities with inhouse project execution capabilities, and is present in more than 80 countries.
Galaxy’s product grades are used in consumer-centric Home and Personal care products like skin care, cosmetics, hair care, oral care and others. The company is a preferred supplier to leading MNC’s, Regional and Local FMCG brands. It is also India’s largest manufacturer of Oleochemical based surfactants and speciality care products for Home Care and Personal Care Industries (HPC).
Financial Performance
In the latest quarter, Galaxy Surfactants reported a 11 percent YoY increase in its revenue from Rs 940 crore to Rs 1,042 crore. On a quarterly basis however, there was a slight decrease from Rs 1,063 crore in Q2 FY25.
There was an 8 percent YoY decline in net profits from Rs 71 crore to Rs 65 crore. On a quarterly basis, the company saw a 24 percent decrease in profits from Rs 85 crore in Q2 FY25.
Written by Shwetha Sairam
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