1) SRF: R-22 price rose to Rs335/kg (+12.0% QoQ) in Q3FY23, but volumes were down 15.3% YoY to 2.6kte. In packaging films segment, spreads contracted QoQ for both BOPET and BOPP, which has put pressure on SRF’s packaging films margin.
Industry gross domestic premium income (GDPI) growth has been strong with 19%/17% rise in Jan’23/FY23-TD. Motor/health/fire GDPI has grown 13%/46%/9% in Jan’23 and 16%/24%/11% in FY23-TD. Within the motor segment, OD/TP growth has been 13.4%/12.7% in Jan’23 and 17%/15% in FY23-TD.