Galaxy Surfactants Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
GALAXYSURF · price
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Galaxy Surfactants reported standalone revenue of ₹3,589 Crores for FY2026, up ~19.6% from ₹3,001 Crores in FY2025. However, Profit After Tax declined to ₹152 Crores from ₹174 Crores in the prior year, a ~12.5% drop, driven by significantly higher finance costs (₹28 Crores vs ₹17 Crores), rising raw material costs and increased depreciation. On a consolidated basis, revenue grew 24.2% to ₹5,248 Crores, but consolidated PAT also fell 12.3% to ₹267 Crores from ₹305 Crores. The Board recommended a final dividend of ₹22 per share (220%). Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) audit opinion on both standalone and consolidated results. An exceptional item of ₹11.88 Crores was recorded due to the implementation of new Labour Codes (Gratuity and Leave Encashment adjustments). A contingent liability note was added regarding a GIDC land dispute (carrying value ₹72.88 Crores), with an interim stay currently in place.
Revenue growth is strong at ~20% on standalone and ~24% on consolidated basis, but the PAT decline and margin compression are concerning for shareholders. The clean audit opinion is a positive. The GIDC land dispute is a watch item given its ₹73 Crore carrying value.