Savita Oil Technologies Limited Q1 FY23 Consolidated Results
3 min readHighest ever quarterly Total Income of Rs. 906 Cr.
Highest ever quarterly EBITDA of Rs. 136 Cr.
Highest ever quarterly PAT of Rs. 91 Cr.
Savita Oil Technologies Limited, a number one producer of specialty petroleum merchandise, introduced its unaudited Financial Results for the quarter ended June 30, 2022.
Consolidated Result Highlights:
Particulars (Rs. in Cr.) | Q1 FY23 | Q1 FY22 | YoY |
Total Income | 905.5 | 640.3 | 41.4% |
EBITDA | 136.3 | 119.2 | 14.4% |
EBITDA Margin | 15.1% | 18.6% | |
Profit After Tax | 90.8 | 80.9 | 12.3% |
Profit After Tax Margin | 10.0% | 12.6% |
Key Highlights
In an EGM held on 29-Jul-22, Shareholders have authorized Sub-division of each 1 (One) Equity Share of the Nominal/Face Value of Rs. 10/ – (Rupees Ten Only) every into 5 (Five) Equity Shares of the Nominal Face Value of Rs. 2 /- (Rupees Two Only) every.
In Q1 FY23, EBITDA per KL/MT stood at Rs. 13,439.
Commenting on the efficiency, Mr. Gautam N. Mehra, Chairman and MD, SAVITA Oil Technologies Limited stated, “I’m blissful to report that we have now began FY23 on a really robust be aware as we recorded our highest ever quarterly efficiency. Our whole revenue surged by 41% on YOY foundation to Rs. 906 Cr., with a wholesome EBIDTA margin of 15%. The progress in whole revenue was pushed by a mix of quantity in addition to worth uptick throughout each Petroleum Specialty Oils in addition to Lubricating Oils. This wholesome efficiency displays strong demand for our high quality merchandise backed by robust R&D capabilities in addition to our strong operational capabilities, a powerful stability sheet with NIL borrowings and wholesome liquidity place.”
About SAVITA Oil Technologies Limited (SAVITA)
Established in 1961, SAVITA Oil Technologies Limited (BSE: 524667| NSE: SOTL) is a number one producer of specialty petroleum merchandise. SAVITA has developed and manufactured a broad array of merchandise together with Transformer Oils, Liquid Paraffins, White Oils, Automotive and Industrial Lubricants, Coolants and Greases, amongst others. Headquartered in Mumbai, the Company has world-class manufacturing amenities located within the state of Maharashtra and at Silvassa within the Union Territory of Dadra and Nagar Haveli and Daman & Diu.
SAVITA serves diversified industries equivalent to Power Generation and Distribution, Automotive, Thermoplastic Rubbers, FMCG, Plastics, Pharmaceutical, Agriculture, Refrigeration, Polymers, amongst others. In addition to catering to a sizeable B2B clientele, our fashionable vary of lubricants, greases, and coolants are offered to retail clients underneath the model SAVSOL.
Its constant investments in inexperienced power manufacturing have made it Asia’s solely petroleum specialty firm which is carbon constructive. Its Environmental Management System is IS0 14001:2015 licensed. Besides, the windmills are situated at 18 websites within the states of Maharashtra, Tamil Nadu, and Karnataka with an put in capability to supply 54.15 MW of wind-powered electrical energy.
For extra info, please go to www.savita.com.
Safe Harbour Statement
Statements on this doc referring to future standing, occasions, or circumstances, together with however not restricted to statements about plans and targets, the progress and outcomes of analysis and improvement, potential challenge traits, challenge potential and goal dates for challenge associated points are forward-looking statements primarily based on estimates and the anticipated results of future occasions on present and growing circumstances. Such statements are topic to quite a few dangers and uncertainties and usually are not essentially predictive of future outcomes. Actual outcomes might differ materially from these anticipated within the forward-looking statements. The firm assumes no obligation to replace forward-looking statements to replicate precise outcomes modified assumptions or different elements.
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