Quick Highlights:

• Revenue for Q3FY20 Rs. 737.56 millions
• EBITDA for Q3FY20 up by 17.35% YoY
• After Tax for Q3FY20 up by 24.99% YoY

MUMBAI, 10 FEBRUARY, 2020 (GPN) :- Yasho Industries Ltd(BSE: 541167 | ISIN: INE616Z01012) has announced its un-audited standalone and consolidated results for the quarter ended & nine months ended 31^stDecember 2019. The revenue for Q3FY20 is Rs 737.56 millions. The EBITDA is up by 17.35% YoY. The profit after tax is also up by 24.99%

Yasho Industries is a pioneer in the field of manufacturing re-engineered chemicals, exporting all over the globe, including USA, Australia, South Africa, Singapore, and Germany. 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.

The company has successfully commissioned & expanded their plant at the unit 2 facility in Gujrat. The company aims to target to generate additional revenues by 20-30% over next 2 years. The unit 3 commissioning is in progress & will be completed by March 2020.  The project is funded by internal accruals. This unit will focus on specialty chemicals and will further improve revenue by 10-15% over 2 years.

Commenting on the performance, Mr. Parag Jhaveri, Chairman and Managing Director, said, “We are pleased to report a sustained performance in this quarter. We have experienced the prices of raw materials tapering down which has a direct pass through effect and hence resultant revenue decline. However, our optimization of plant capacities, coupled with our new capacities coming on stream and differential product mix in this period has helped us to improve our EBITDA margins to 17.34% in Q3. The new capacities cater to chemicals predominantly used in Lubes additives, rubber & specialty chemicals which have better realizations than the commodity products. There is a steady rise in the demand of rubber chemicals segment due to the current situation in China. Our product mix is changing with new capacity additions and we are penetrating EU markets with our value-added products. We would continue to focus on value added chemicals so that margin improvements would be sustainable in future.”

Q3 & 9M FY20 Financial        Performance

Profit & Loss (millions)	Q3FY20	Q3FY19	YoY	9MFY20	9MFY19	YoY
Revenue	737.56	878.36		2,223.72	2,528.76
EBITDA	127.88	108.97	17.35%	311.70	301.82	3.27%
EBITDA Margin (%)	17.34%	12.41%		14.02%	11.94%
Profit After Tax	46.32	37.06	24.99%	96.54	83.40	15.76%
PAT Margin (%)	6.28%	4.22%		4.34%	3.30%

About Yasho Industries Ltd:

Yasho Industries Ltd is a pioneer in the field of manufacturing re-engineered chemicals, exporting all over the globe, including USA, Australia, South Africa, Singapore, and Germany. 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.

The company has an extremely dynamic and far reaching customer base, and rakes in more than 53% of its revenue through export. It is ISO 9001:2015 & FSSC 22000 certified and is a trailblazer in the chemical industry. It continues to grow rapidly, while catering to a huge array of products mapping across various industries and has a strong long-term relationship with customers in 42 countries. The company has two grand-scale, well equipped manufacturing units located in Vapi, Gujarat, and is in the process of developing a third Unit which will be operational from March 2020.