Shares of Galaxy Surfactants rose by over 2.40% on Thursday morning, following the company’s announcement of solid first-quarter results for the fiscal year 2024.
Key Financial Highlights
- Net Profit: The company reported a net profit of ₹79.72 crore for the quarter ended June 2024, marking a 6.04% increase from ₹75.18 crore in the same period last year.
- Sales: Sales grew by 3.43% to ₹974.06 crore, up from ₹941.77 crore in the previous year’s quarter.
- Operating Profit Margin (OPM): The OPM slightly decreased to 12.74% from 13.08% in the corresponding period last year.
| Particulars | Quarter Ended Jun. 2024 | Quarter Ended Jun. 2023 | % Var. |
|---|---|---|---|
| Sales | ₹974.06 crore | ₹941.77 crore | 3% |
| OPM % | 12.74% | 13.08% | – |
| PBDT | ₹125.50 crore | ₹119.97 crore | 5% |
| PBT | ₹98.94 crore | ₹96.17 crore | 3% |
| NP | ₹79.72 crore | ₹75.18 crore | 6% |
Market Response
As of 10:20 AM, Galaxy Surfactants shares were trading 2.35% higher at ₹2,951.45 on the NSE, reflecting positive market sentiment in response to the company’s strong performance in the first quarter.
