Several factors pressured volumes of Supreme's plastic piping products business last quarter as its of take plunged by 25.5%, resulting in overall volume de-growth of 18% in plastic goods. Distributors rushed to destock their stocks in a big way post October after PVC prices started to drop sharply. Discounts were also offered to dealers in January and December to liquidate stocks. Demand for PVC pipes was also affected by extended rainfall and supply chain disruptions in CPVC pipe system. Thanks to Covid -19 restrictions affecting reopening of hotels and other outdoor...
Despite overall consolidated sales volume witnessing a decline of 13.8% to 27,589 mt in Q3FY22, Balaji Amines' revenue from operations grew by a pleasing 44.1% to Rs. 564.90 crs as against Rs. 392.13 crs in the corresponding period in the prior year. The demand for certain products from pharmaceutical clients remained suppressed on account of...
s. Wires business was slightly impacted due to high volatility in copper prices in early November that cascaded the inventory levels thus slowing cash cycle. Yet, blended price hikes improved sequential EBIT by...
Helped by robust growth in phenolics and basic intermediates businesses, revenues from operations rose by 39.4% to Rs 1722.27 in Q3 compared to Rs 1234.69 crs in the same quarter a year ago. Backed by robust demand in India and in key export markets, DNL's phenolics business posted yet another record setting asset utilization rate (capacity utilization 117% for Q3), while the basic intermediates business profited from healthy product realizations as price hikes were undertaken to offset rising raw material prices. After a lull in demand, DNL's performance products business did...
Aegis Logistics' Q2FY22 revenue from operations experienced a year-overyear year decline of 2.3% to Rs. 635.24 crs. Its gas segment raked in revenues of Rs. 570.92 crs witnessing a year-over-year year decline of almost 4%. Liquid...
With easing of some travel restrictions and lifting of consumer sentiment, AIA Engineering saw improvement in volumes which grew by 14.5% to 69064 tons in Q2 when compared 60318 tons in Q1; though yoy growth flat lined (growth a shade under 1%). Mining business accounted for much of this rise (up +30.7%) while other businesses slackened. Propelled by price hikes - accentuated by high raw material prices - revenues grew...
kend closures in various states affected overall operations. The second quarter of the fiscal year is generally low on margins with no major festivals or any major consumption drivers and largely comprises of end of season liquidation. Moreover, there has been immense margin pressures on the product sourcing side due to spike in cotton yarn prices, with little signs of abetment. However, the company mitigated the same...
Bolstered by a healthy execution in non T&D businesses that accounted for nearly 46% of the overall top-line, line, KEC International clocked in revenue from operations of Rs 3587.46 crs in Q2FY22, a growth of over 10% yearyear over-year and a massive 41.2% quarter-on-quarter....
Record PVC/EDC delta at $790/ton (Vs $654 / ton in Q2FY21 Vs $830 / ton in Q1) last quarter pretty much explains the momentous rise in PVC resin EBIT to Rs 230.59 crs compared to just Rs 99.10 crs in the same quarter a year ago, as external sales of resin rose by a n astonishing 41.6% to 13684 tons. With spreads at record highs, PVC resin spreads...
