Multibagger Alert: Shares of Yasho Industries gain 3.13 per cent post robust Q3FY22 results; stock doubles in 4 months!

Robust performance continues, led by good demand in domestic and export markets. Performance in terms of volumes, sales, and profitability was driven by a mix of improved product mix and price realization. 

Shares of Yasho Industries are on fire! The scrip of the leading Indian manufacturer & supplier of speciality and fine chemicals has been on the up and up since, skyrocketing 51.26 per cent and 253.94 per cent over the past one and six months respectively. The company has announced its unaudited financial results for the quarter and nine months ended on December 31, 2021.

Robust performance continues, led by good demand in domestic and export markets. Performance in terms of volumes, sales, and profitability was driven by a mix of improved product mix and price realization. 

9MFY22 performance highlights are as follows:

• Revenue at Rs 437.66 crore, a growth of 68.7 per cent YoY basis.
• EBITDA at Rs 75.74 crore, growth of 89.6 per cent on YoY basis.
• PAT at Rs 39.2 crore, growth of 217 per cent on YoY basis.
• Sales volume stood at 8,051 MT, a growth of 49.5 per cent on YoY basis. 

To quote Parag Jhaveri, Managing Director and CEO, Yasho Industries from a press release filed with the exchange, “Over the years, we have increased our R&D spend to provide quality products to our clients. Furthermore, our technological capabilities have assisted us in identifying process bottlenecks and implementing specific initiatives to increase efficiencies and reduce costs. Our project of capacity expansion at our Unit 1 and Unit 2 has been completed and the company will benefit from this over the next few quarters.”  

Yasho Industries Ltd is a pioneer in the field of manufacturing fine and speciality chemicals, exporting all over the globe. Guided by a management team that has over 30 years of experience in the industry, it is fully equipped with well established manufacturing facilities designed to manufacture multiple product ranges. The company has a dynamic and far-reaching customer base. More than 60 per cent of its revenue is generated from its export business. The company has three well-equipped manufacturing units located in Vapi, Gujarat. 

On Tuesday, February 1, 2022, shares of Yasho Industries jumped 4.11 per cent during early market hours to touch an intra-day high of Rs 1,794. The scrip closed at Rs 1,776.95, up by 3.13 per cent.  

Investors should watch out for this stock in the upcoming sessions!