Buzzing Stock : Yasho Industries jumps higher by 18 per cent on positive results
The shares of Yasho industries are locked in upper circuit when the the market is showing weakness on Friday.Â
The shares of Yasho Industries were seen buzzing on bourses as the stock jumped higher by more than 18 per cent on Friday trading session when the markets are down by more than 100 points.
Yasho Industries Limited a leading Indian global manufacturer & supplier of specialty and fine chemicals, has announced its un-audited financial results for the quarter ended on June 30th, 2021. The company reported its highest ever quarterly revenue , EBITDA and PAT .
The revenue declared is at Rs 134.1 Cr, a growth of 84% YoY basis, EBITDA at Rs 22.3 Cr, growth of 97% on YoY basis while PAT at Rs 10.9 Cr, growth of 282% on YoY basis. The sales volume stood at 2,445 MT, a growth of 73% on YoY basis.
The superlative performance was seen in this quarter because of better product mix according to the management. The management further emphasised that the demand for all major chemicals has been healthy in Q1FY22 led by Rubber chemicals, Lubricant chemicals & Speciality chemical business.
The shares of Yasho industries are locked in upper circuit when the the market is showing weakness on Friday.
Yasho Industries Ltd is a pioneer in the field of manufacturing fine and specialty chemicals, exporting all over the globe, including USA, Europe, Asia, Middle East and Brazil. Guided by a Management Team that has over 30 years of experience in the industry, it is fully equipped with well-established Automated Manufacturing Facilities designed to manufacture multiple product ranges.