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- Revenues for the quarter stood at ₹428.4Cr, up 104% from same period previous year
- EBITDA stood at ₹46.7 Cr translating to EBITDA margins of 10.9%
- PAT stood at ₹22.5 Cr with PAT margins of 5.3%
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- Undertaking price hikes wherever possible to offset these persistent raw material pressures.
- This is the first full quarter of consolidation of recent acquisitions of Unitop and Tristar in Rossari’s performance. Both these companies delivered growth during the period, which assisted overall performance.
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- On a standalone level, Rossari registered organic growth of 30.6 % YoY ➢ Revenue contribution from the HPPC segment stood at 71%, followed by TS
- Depreciation was higher owing to amortisation of fair valuation on account of consolidation of subsidiaries
- Actively undertaking cross selling opportunities and exploring new geographies
- Targeting ₹270 odd Crs of turnover per quarter
- Acrylic acid prices last month was 2000$/ton and suddenly this month it has gone up to 2700$/ton
- Volatility in raw material prices is expected to continue for next 2 quarters
- Utilisation at dahej stood at 50-60%.
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- Strategy is to procure at low rates from spot market and servicing all the customers during these difficult times is what will eventually pay off in long term horizon
- Q1 is expected an improvement on supply and prices side
- Volumes are lower on QoQ basis but higher on YoY basis. However major growth is on behalf of hike in prices
- Antiviral and antimicrobial for textile are more consumer based products catering to large manufactures like Marks&Spencer and others. Towel manufacturers are one of the largest consumer of these products, however these additives makes up only 5% of composition of final product
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- HPPC- revenue for this segment stood at ₹305.24 Cr contributing 71% to total revenues. The segment grew 155.2% YoY and 29.3% on a QoQ basis.
- The business reported healthy sales supported by stable traction in FMCG, anti-viral & personal hygiene product portfolio volumes
- TSC- Revenues for the segment stood at ₹102.8 Cr translation 24% contribution to revenues. The segment grew 31.5% YoY, however it contracted by (-6.3%) on a QoQ basis. Growth driven by a pickup in demand in domestic and export markets
- AHN- Revenues for the segment stood at ₹20.38Cr i.e. contributing 5% to total revenues with growth of 67% YoY. however the segment contracted by (-47.3%) on a QoQ basis. Growth driven by a pickup in demand in domestic and export markets
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- Introduced new technology i.e. polyester resin
- Introduced new green products i,e, green urea and green silicate.
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- Introduced lycra protector, water repellents, acrylic polymers etc
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