Yasho Industries Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Net profit of Yasho Industries declined 47.83% to Rs 11.66 crore in the quarter ended September 2023 as against Rs 22.35 crore during the previous quarter ended September 2022. Sales declined 27.07% to Rs 141.09 crore in the quarter ended September 2023 as against Rs 193.47 crore during the previous quarter ended September 2022.

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Yasho Industries will hold a meeting of the Board of Directors of the Company on 31 October 2023.

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India Ratings said that a sustained increase in the scale of operations, leading to net leverage of less than 3x, on sustained basis, while maintaining the liquidity and successful completion of debt-led capex without any cost and time overrun will be positive for the ratings.

The agency further stated that a significant decrease in the scale of operations, elongation of the working capital cycle, leading to a deterioration in the liquidity position or any delay in the completion of the ongoing capex, leading to the net leverage exceeding 4.0x, on a sustained basis, would be negative for the ratings.

Yasho Industries manufactures various chemicals such as aroma chemicals, food antioxidants, rubber chemicals, lubricant additives and specialty chemicals. It has a portfolio of 148 products.

The company's consolidated net profit declined 23.64% to Rs 14.79 crore on a 15.19% fall in sales to Rs 150.31 crore in Q1 FY24 over Q1 FY23.

The scrip added 0.52% to currently trade at Rs 1805 on the BSE.

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Yasho Industries has received affirmation in long term issuer rating at IND BBB+/Stable from India Ratings and Research.

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