AIA Engineering is engaged in designing, development and manufacturing of grinding media, liners, diaphragms and vertical mill parts which finds application in grinding and crushing operations in mining, cement and thermal power generation. The current installed capacity of the company stands at 3.9...
V-shaped recovery in global PVC resin prices since May with corresponding surge in PVC/EDC delta (above long term average of $550600/mt) explains much of the rise in Finolex's PVC resin EBIT in Q2 - Rs 99.10 crs Vs Rs 45.13 crs in the same quarter a year ago.; though external sales (volumes) fo PVC resins rose by just 38.1% to 9665 tons. As indication of its barely subdued impact, Finolex's PVC resin realizations were at $920 / mt compared to $740/ton in Q1 while PVC/EDC delta stood at $653/mt compared to $547/mt in Q1. Supply constraints of PVC resins have...
While doing segment analysis, it is observed that the liquid division continued to perform strongly in the second quarter of FY21. Aegis had revenues for the division of Rs 56.44 crs in Q2 versus Rs 50.02 crs a year earlier, a rise of nearly13% year-on-year and EBITDA for Q2 was Rs 39.5 crs versus Rs 32.8 crs a year earlier, a rise of over 20% year on-year. year. Since the liquid division relies largely on storage based revenues, it was little affected by the ongoing...
Escorts in involved in production of agri-machinery, construction and material handling equipment and railway equipment from its plants at various locations. With a domestic market share of 11.6% at the end of last fiscal the company sells a wide range of tractors under the Farmtrac, Powertrac and Steeltrac brands. Its...
fficial figures suggest that India consumed over 100 MT of steel in 2019. Moody's expects India'ss steel demand to decline by 10% in FY21. Globally the demand for steel is expected to drop by 6.4% on account of the pandemic, while developed and developing economies (excluding China) are forecast to decline by 17.1% and 11.6% respectively primarily led by...
On the back of an already difficult last fiscal when CV segment posted negative sales growth of 28.8% in n India, deterred by the pandemic, the demand for automobiles declined sharply in the first six mothns this fiscal across India and globally. The demand for CV's in India and light weight...
Strangled by pandemic induced lockdown which all but decimated supply networks and brought factory production to a grinding halt in April and some part of May, Aarti report 50% drop in its speciality chemicals production in April, thus precipitating some 11% decline in its gross speciality chemicals revenues (consolidated) in Q1 (yoy). Whence speciality chemicals EBIT plunged by a distressing 39.2% not least due to lower sales and higher expenses on account of commissioning of first phase of Dahej SEZ and R&D; Centre at Navi Mumbai in Q4, thus little protected by...