CD Equisearch Broker Research reports

Emerging from the impact of persistent lockdowns, Garware Technical Fibres continued with its steady growth trajectory led by robust demand in international business and uptick in the international sports sector. The company reported a decent topline growth of 10.7% to Rs. 308.13 crs (yearover-year) in Q3FY22. Sequentially, the uptick was some 9.3%. The synthetic cordage segment, accounting for almost 90% of the mix, grew by 16.1% to Rs. 277.22 crs year-over-year,...

As per the data published by SIAM, driven by subdued demand in both passenger vehicles and two-wheeler wheeler segments, the overall auto-industry production at around 58.6 lakh units in Q3FY22 took a hit of some 17% in...

123.5% and 12.0% sequentially. Loan book,, on the other hand, witnessed a robust growth of 19.5% year-over-year year in Q3FY22 to Rs. 25091 crs. Given...

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...