On a consolidated basis, Galaxy Surfactants' net profit surged 77.6% to Rs 85.23 crore on 7.8% rise in net sales to Rs 674.70 crore in Q3 FY21 over Q3 FY20.The specialty chemical maker said increase in revenue was on account of better sales volumes in both performance surfactants and specialty care business along with better sales mix. The chemical maker's consolidated total volume increased by 7.3% year on year to 58,238 MT.
Profit before tax surged 63.2% to Rs 103.22 crore in Q3 FY21 from Rs 63.23 crore in Q3 FY20. Current tax expense spiked 17.5% to Rs 18.7 crore in Q3 FY21 as against 15.91 crore in Q3 FY20.
EBITDA stood at Rs 122.5 crore, registering a 43% year on year growth, driven by increasing share of specialty, better product mix due to new products and higher capacity utilization. The board has declared interim dividend of Rs 14 per equity share.