Galaxy Surfactants Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 10, 2023 at 09:06 am EST
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Galaxy Surfactants Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 9,831.2 million compared to INR 12,364.7 million a year ago. Revenue was INR 9,858 million compared to INR 12,375.5 million a year ago. Net income was INR 774.2 million compared to INR 838.7 million a year ago. Basic earnings per share from continuing operations was INR 21.84 compared to INR 23.65 a year ago. Diluted earnings per share from continuing operations was INR 21.84 compared to INR 23.65 a year ago.
For the six months, sales was INR 19,248.9 million compared to INR 23,993.1 million a year ago. Revenue was INR 19,300.6 million compared to INR 23,983.9 million a year ago. Net income was INR 1,526 million compared to INR 1,842.4 million a year ago. Basic earnings per share from continuing operations was INR 43.04 compared to INR 51.96 a year ago. Diluted earnings per share from continuing operations was INR 43.04 compared to INR 51.96 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 
