Galaxy Surfactants Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 07:39 am EST
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Galaxy Surfactants Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 9,404.9 million compared to INR 10,851.2 million a year ago. Revenue was INR 9,468.7 million compared to INR 10,888.6 million a year ago. Net income was INR 713.7 million compared to INR 1,062.1 million a year ago. Basic earnings per share from continuing operations was INR 20.13 compared to INR 29.96 a year ago. Diluted earnings per share from continuing operations was INR 20.13 compared to INR 29.96 a year ago.
For the nine months, sales was INR 28,653.8 million compared to INR 34,844.3 million a year ago. Revenue was INR 28,769.3 million compared to INR 34,872.5 million a year ago. Net income was INR 2,239.7 million compared to INR 2,904.5 million a year ago. Basic earnings per share from continuing operations was INR 63.17 compared to INR 81.92 a year ago. Diluted earnings per share from continuing operations was INR 63.17 compared to INR 81.92 a year ago.
Galaxy Surfactants Ltd is an India-based company that 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. It provides cosmetic ingredients for personal and home care applications. 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 home care industry application includes laundry care, dish care, surface care, and institutional and industrial cleaning. Its subsidiaries include Galaxy Holdings (Mauritius) Ltd., Galaxy Chemicals (Egypt) S.A.E., Galaxy Chemicals (Egypt) S.A.E., and TRI-K Industries Inc.
GALAXY SURFACTANTS LIMITED 
