On a consolidated basis, Yasho Industries surged 7.92 per cent to Rs 1765.80 after net profit jumped 64.82 per cent to Rs 22.35 crore on a 43.97 per cent increase in net sales to Rs 193.47 crore in the second quarter of FY23 over in the second quarter of FY22. The net sales also increased to Rs 192.44 crore in Q2FY23 over Q2FY22.

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Profit before tax (PBT) rose at 50.7 per cent YoY to Rs 27.29 crore in the second quarter of FY23. Also, total expenses were 39.4 per cent to Rs 161.22 crore. The cost of material consumed climbed 37.4 per cent to Rs 124.04 crore, and employee cost increased 23.5 per cent to Rs 10.05 crore. During the second quarter, EBITDA rose 43.94 per cent YoY to Rs 36.26 crore. The EBITDA margin stood at 18.84 per cent in the second quarter of FY23 compared to 18.36 per cent in the second quarter of FY22.

Parag Jhaveri, the Managing Director and CEO, said: “We are pleased to report consistent quarterly performance. Total revenue for the quarter stood at Rs. 192.4 Cr, a growth of 40.22 per cent on a YoY basis. We continue to see interest in our product offerings globally. This quarter your company received its environmental clearance for its greenfield project at Pakhajan, Gujarat. Civil activities at the site have started, and we intend to commence production in the fourth quarter of FY24.”

This company is a global manufacturer and supplier of speciality & fine ​chemicals. The performance of chemicals for industries as diverse as food & flavours, rubber & latex, lubricants, and perfumery.