FY22 performance update: Yasho Industries Limited
Yasho Industries Ltd, a leading Indian speciality as well as fine chemicals manufacturer & supplier, has released its audited financial statements for the quarter and year ended March 31, 2022.
Yasho Industries Ltd, a leading Indian speciality as well as fine chemicals manufacturer & supplier, has released its audited financial statements for the quarter and year ended March 31, 2022.
The total revenue for the year stood at Rs 624.1 crore, up by 68.9 per cent from the previous year. In FY22, the company raised its sales volume by 43.3 per cent while increasing the EBITDA margin by 100 basis points. Rubber chemicals, lubrication additives, speciality chemicals, etc. are gaining massive popularity. Its export company has contributed 64 per cent of sales and is still growing. This was largely due to the outstanding quality of the company's products and long-term ties with its key customers. The company witnessed a significant margin pressure this quarter, as a result of unpredictable raw materials pricing, rising energy, and freight expenses.
The company planned a Capex of Rs 350 crore, which is on track and would add an extra capacity of 15,500 MT. Following this increase, the company's overall capacity will be 26,500 MT. Yasho Industries is seeking government approval for environmental clearance, which it anticipates receiving in the next few months. For FY22, its board of directors has proposed a dividend of Rs 0.50 per equity share with a face value of Rs 10 per share.
Yasho Industries Ltd is a pioneer in the field of fine and specialised chemical manufacturing, exporting to the United States, Europe, Asia, the Middle East, and Brazil. It is fully equipped with well-established production facilities intended to manufacture different goods and is guided by a management team with over 30 years of expertise in the sector. The company has a diverse and far-reaching customer base while its export accounts for more than 60 per cent of its revenue. It is certified to ISO 9001:2015 and FSSC 22000. It has a solid long-term relationship with customers in more than 50 nations and continues to grow swiftly while catering to a wide range of products, ranging across numerous industries. In Vapi (Gujarat), the company has three well-equipped manufacturing divisions.