Galaxy Surfactants in limelight

Galaxy Surfactants is showing a huge surge in volumes today, a jump of almost 7.5 times at 65 lakh shares changing hands. The stock has been gaining for the last 2 days and has risen 16.00% in the period and today, it touched an intraday high of Rs.1233.65, going up almost 15.5%.  

The company is engaged in the manufacture of surfactants and specialty chemicals for personal and home care industries. It posted a good set of earnings for yesterday, with net profit showing a rise of 43% (YoY) at Rs.40 crore on a 6% rise in revenue at Rs.682 crore.

EBITDA for the quarter was up 38% at Rs.99 crore and margins jumped from 11.1% to 14.4%.

It ended FY19 with a net profit at Rs.191 crore, up 21% on a 13.5% jump in net revenue at Rs.2763 crore. Performance surfactants on the back of improving home and personal care demand in India grew 3.5% for the year. The India market grew 12.1% in FY 19.