According to Mordor Intellegence, the market for refractories is anticipated to register a CAGR of 5.2% and reach a size of USD 48 billion by 2023. The increase in demand from iron & steel, glass, nonnon ferrous metals, and power generation industries would fuel the refractories market. Intensifying demand for glass, cement, steel etc. in...
Industry continued its downward trajectory despite hefty discounts given by OEM's - as high as 15-25% - due to weak demand and inventory correction. In comparison to H1FY19, the Indian ndian automobile industry produced 14.42m vehicles registering de-growth of 13.3% y-o-y y in H1FY20. Majority of the dede growth was contributed by the two wheeler and passenger vehicle segment which shrunk by 16.2% and 23.6% respectively,...
Subdued off take of PVC pipe & fittings (6.1% growth) in Q2 largely due to heavy rains during monsoon season, affected its margins. Much of the damage was done due to PVC segment which reported over 50% drop in EBIT not least due to lower PVC/EDC delta - a result of higher EDC and lower PVC prices. Though PVC business profitability as measured by PVC/ EDC delta slightly improved in Q2, external sale of PVC resins...
KEC reported revenue growth of 16.6% (yoy) last quarter, largely driven by 30.3% (yoy) growth in T&D; business on account of robust execution of international projects and 34.7% % (yoy) growth in railway business. Lower...
With ~8% contribution in India's GDP, construction industry is an important growth driver in India's economy and government is majorly providing thrust to the rising construction industry. According to GlobalData, Indian construction industry is expected to clock CAGR growth of 6.4% and reach $690.9 bn in 2023 from $505.7 bn in 2018. GOI's initiatives like Housing for All by 2022'' is expected to provide significant boost to residential construction (the market's largest category), and account for a third of the industry's total value by 2023. Rising population, urbanization,...
without the adjustment, operating loss would have been to the tune of Rs 7.87 crs/$1.1m (vs loss of Rs 3.86 crs/$0.6m in Q2FY19). Higher depreciation expense and finance cost due to lease rental adjustment dented PBT (loss of Rs 22.88 crs/$3.3m vs loss of Rs 9.68 crs/$1.4m...
Q2FY20, driven by 13.8% rise in loans to salaried and professional clients while registering a more impressive growth of 20.8% in the self employed and non professional segment albeit on a smaller basebase Housing loans comprised...
Hurt by planned shutdown of the phenol for two weeks coupled with moderation in global phenol prices, DNL's phenolics business posted over 13% drop in revenues last quarter, while crack spreads continued its moderation not least due to slowdown in global economic growth and subdued activity in Indian real estate and automobile sectors. EBIT margin as a consequence slid to 5.6% in Q2 compared to 11.8% in the preceding...
and decline in CNG sold to state transport (8% of total CNG volume) due to scrappage of old buses without induction of new ones explain subdued CNG volume growth. However, better price realization across all customer...
