Galaxy Surfactants Limited (GALAXYSURF) shares closed at ₹1,833.00 on the National Stock Exchange, down 2.04% from the previous close of ₹1,871.20. The company’s market capitalization stood at approximately ₹6,500 crore at the close.
Latest Quarterly Results
For the quarter ended December 31, 2025 (Q3 FY26), Galaxy Surfactants reported consolidated net revenue from operations of ₹1,329.5 crore, compared with ₹1,041.7 crore in Q3 FY25, reflecting a 27.6% year-on-year increase, according to the company’s investor presentation. Total revenue stood at ₹1,334.3 crore, up from ₹1,045.7 crore a year earlier.
EBITDA rose to ₹124.2 crore, compared with ₹109.6 crore in Q3 FY25, marking a 13.3% year-on-year increase. EBITDA margin was 9.3%, compared with 10.5% in the prior-year quarter.
Profit before tax (before exceptional items) was ₹84.9 crore, up from ₹76.9 crore, a 10.4% increase year-on-year.
Profit after tax declined to ₹59.0 crore, compared with ₹64.6 crore in Q3 FY25, representing an 8.8% year-on-year decrease.
Full-Year Context (Nine-Month Performance)
For the nine months ended December 31, 2025 (9MFY26), consolidated net revenue from operations rose to ₹3,933.6 crore from ₹3,078.7 crore, a 27.8% increase year-on-year. Total revenue was ₹3,955.4 crore, up from ₹3,096.8 crore.
Nine-month EBITDA stood at ₹375.5 crore, compared with ₹375.4 crore in the prior-year period. Profit after tax declined to ₹205.0 crore from ₹229.0 crore, a 10.5% decrease year-on-year.
Business & Operations Update
According to the Q3 FY26 investor presentation, consolidated volumes remained flat year-on-year. High single-digit growth in the Specialty Care Products segment offset a decline in Performance Surfactants.
Segment revenue for Q3 FY26 was as follows:
- Performance Surfactants: ₹841.2 crore
- Specialty Care Products: ₹493.0 crore
- Total: ₹1,334.3 crore
India volumes grew in the mid-single digits year-on-year. AMET volumes declined in the high teens year-on-year due to competitive intensity. Rest of the World volumes grew in the mid-single digits year-on-year.
Fatty alcohol prices averaged $2,588 per metric tonne during the quarter, compared with $2,800 per metric tonne in Q2 FY26 and $2,496 per metric tonne in Q3 FY25. The company also outlined a brand refresh initiative aligned with its Vision 2030 framework.
Equity Analyst Commentary
Institutional research coverage noted flat nine-month EBITDA despite revenue growth and highlighted regional volume divergence, including declines in AMET and growth in India and Rest of the World.
Guidance & Outlook
Management indicated that domestic demand trends, tariff revisions between India and the United States, and specialty portfolio expansion remain areas to monitor. No specific financial guidance was provided.
Performance Summary
Shares closed down 2.04%.
Q3 revenue increased 27.6% year-on-year.
EBITDA rose 13.3%.
Profit after tax declined 8.8%.
Nine-month EBITDA remained flat.
Volumes were flat overall, with regional divergence.