Can you throw some light on the results of Galaxy Surfactants for Jun-20 quarter?
Answer
Answer
Galaxy Surfactants reported 23.56% fall in net sales at Rs.359.76 crore for the Jun-20 quarter. Net profits were marginally down by 7.75% at Rs.34.18 crore. At an operating level, the EBTIDA was down 17% at Rs.59.33 crore.
The stock reported an EPS of Rs.9.64 for the Jun-20 quarter and at the current price of Rs.1770, the stock is steeply priced. The stock is already trading at rich valuations after a 50% rally in the last one year. Traders need to look at the stock carefully.