#Laxmiorganics Q3 concall Highlights 🧪🧪
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Operational Highlights
1. Revenue from operations stood at ₹860 Cr attributing to growth of 95% YoY
2. EBITDA stood at ₹118.7 Cr with EBITDA margins at 14%
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Operational Highlights
1. Revenue from operations stood at ₹860 Cr attributing to growth of 95% YoY
2. EBITDA stood at ₹118.7 Cr with EBITDA margins at 14%
3. Bounce back from the setback caused due to floods in previous quarter
4. Import duty on prime raw material “acetic acid” is now reduced from 7.5% to 5% which will have favourable impact on raw material cost
4. Import duty on prime raw material “acetic acid” is now reduced from 7.5% to 5% which will have favourable impact on raw material cost
5. India is a very small producer of acetic acid and one of the large consumer globally
Segmental review
Specialty intermediates
1. Business contributed 30% of the top line.
2. The robust performance of speciality intermediates is attributed to ramped up production, following the flood restoration, increased
Specialty intermediates
1. Business contributed 30% of the top line.
2. The robust performance of speciality intermediates is attributed to ramped up production, following the flood restoration, increased
realisations and better product mix optimization towards high value added products
3. Exports contribute 30% of Speciality intermediates sales which was less than 10% in previous years
3. Exports contribute 30% of Speciality intermediates sales which was less than 10% in previous years
4. Raw material prices are correcting and margin visibility is sustainable
5. Capacity utilisation at 70% for 9MFY22
5. Capacity utilisation at 70% for 9MFY22
Acetyl intermediates
1. Business contributed 62% of the top line.
2. The strong growth on account of increased realisations and high volumes supported by the subsidiary capacity (Yellowstone Pvt Ltd)
1. Business contributed 62% of the top line.
2. The strong growth on account of increased realisations and high volumes supported by the subsidiary capacity (Yellowstone Pvt Ltd)
3. The prices in the overseas market remain strong through most part of quarter specially in Europe
4. The volume growth is sustainable in future, given that the raw material prices correcting and commodity cycles are normalising, expansion in margins could be expected
4. The volume growth is sustainable in future, given that the raw material prices correcting and commodity cycles are normalising, expansion in margins could be expected
Capacity utilisation at 80% for 9MFY22
Capex
1. Initial capex was ₹280-₹290 Cr, now it's reassessed value is ₹450Cr. Part of this incremental cost is time overrun, escalation in cost and significant part of it is increasing infrastructure for
Capex
1. Initial capex was ₹280-₹290 Cr, now it's reassessed value is ₹450Cr. Part of this incremental cost is time overrun, escalation in cost and significant part of it is increasing infrastructure for
capacities of new and existing products
2. On track to commercialise speciality intermediates projects and these will start clocking in revenues from Q1FY23
2. On track to commercialise speciality intermediates projects and these will start clocking in revenues from Q1FY23
3. Decision on launching phase 2 capacity of fluoro chemicals to add incremental capacities. It will be commercialised in Q3FY23
4. Expected turnover in fluorochemicals is ₹280-₹300 Cr
5. One in every 3 new APIs will be based on fluorine chemistry
4. Expected turnover in fluorochemicals is ₹280-₹300 Cr
5. One in every 3 new APIs will be based on fluorine chemistry
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