Galaxy Surfactants Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 21, 2024 at 10:01 am
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Galaxy Surfactants Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 9,290 million compared to INR 9,796 million a year ago. Revenue was INR 9,529.1 million compared to INR 9,866.3 million a year ago. Net income was INR 775 million compared to INR 905.3 million a year ago. Basic earnings per share from continuing operations was INR 21.86 compared to INR 25.54 a year ago. Diluted earnings per share from continuing operations was INR 21.86 compared to INR 25.54 a year ago.
For the full year, sales was INR 37,943.8 million compared to INR 44,640.3 million a year ago. Revenue was INR 38,298.4 million compared to INR 44,738.8 million a year ago. Net income was INR 3,014.7 million compared to INR 3,809.8 million a year ago. Basic earnings per share from continuing operations was INR 85.03 compared to INR 107.46 a year ago. Diluted earnings per share from continuing operations was INR 85.03 compared to INR 107.46 a year ago.
Galaxy Surfactants Ltd is an India-based company, which is principally engaged in the manufacture of surfactants and other specialty ingredients for the personal care and home care industries. The Companyâs market segments include skincare, haircare, sun care, oral care, baby care and home care. Its products provide an array of consumer-centric personal care and home care products, including, shampoos, conditioners, body wash formulations, soap bars, liquid soaps, tubes of toothpaste, laundry detergents, and dishwashing products. Its product groups include fatty alcohol sulfate and ether sulfate, fatty alcohol ethoxylate and linear alkyl benzene sulphonic acids (LABSA), foam and viscosity boosters, mild surfactants, pearlized, surfactant blends, syndet and TBB, sunscreens, functional actives, preservatives, and blends. Its customer base is spread across more than 80 countries, including India, the United States, Europe, and Asia-Pacific.