recovery in the second half got reflected in later quarters, however the second round of restrictions, though less severe, affected Q1FY22 revenues as it decreased by 14.2% on a sequential basis to Rs. 615.49 cr. As a result operating profit declined by 3.8% q-o-q q at Rs. 303.99 cr. In a higher operational cost environment, the management has hinted of successful...
Helped by base effect (from the pandemic), Atul's income from operations by a little enthusing 63.5% to Rs 1080.20 crs from just Rs 660.56 crs in the same quarter a year ago; though quarter on quarter income from operations slid 3.2%. Performance and other chemicals business accounted for most of the swell for its sales advanced by a blistering...
oxygen and logistical issues. Total Q4 sales volume stood at 24,878 mt, a 12.3% decline on a quarter-on-quarter quarter basis. Of this specialty chemicals...
Much of the growth in revenues (45.7%) in Q4 bear little resemblance to underlying growth for Supreme's plastics goods volumes grew by a measly 7.8% with dispatches of the flagship plastics piping products business declining by 1.7% (its revenues grew by some 44%) as the company amassed market share from unorganized players. Revenues of...
The World Steel Association (WSA) forecasts the global steel demand to grow by 5.8% in 2021 primarily supported by a robust consumption growth of 9.1% in China and by substantial fiscal stimulus measures in most of the advanced economies. Domestically, India's steel demand is expected to rebound by 19.8% in 2021 21 after declining 13.7% in 2020, while the growth in 2022 is expected to be lower at 5.9%. The economy has been recovering strongly since August last year, much sharper than...
Bolstered by phenolics and fine & speciality chemicals business, DNL's income from operations rose apace in Q4 with the phenolics accounting for nearly two-thirds of the whole. Swiftly pacing, its phenol business logged capacity utilization in excess of 115% when compared to 98% in the same quarter a year ago. With little scoping of draining out reward of operating leverage at such record production churn, its EBIT margins admirably...
As the Covid 19 laden economy started recovering, covering, disbursements grew in Q3 from Q2 (Rs 1106 crs Vs Rs 825 crs) but declined by a surprising 43% in...
Little stymied by recovery in domestic CV industry - MHCV domestic production jumped by 9.4% in Q3- Jamna reported some 50.2% growth in sales in Q3 after ravaging fall in sales in the first half of FY21. With increased sales "velocity", operating profits jumped by a pleasing 139.2% to Rs 50.98 crs compared with Rs 21.31 crs in the same quarter a year ago, thus bolstering OPMs by a dazzling 553 bps to 14.9%. With reduced...
