BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Chemplast Sanmar Ltd.' Q3 FY22 operating profits at Rs 3.5 billion (up 25% YoY; up 2% QoQ), came in better than our expectations, riding on exceptional strength in polyvinyl chloride prices during the Q3 FY22, even as sales volume were comparatively tepid.
PVC price peaked at almost $1900/tonne, in the month of October 2021, before moderating towards the end of Q3 FY22, however as vinyl chloride monomer price had a sharper correction, PVC‐VCM delta expanded benefitting Chemplast Sanmar.
Demand‐supply anomaly stemming from ‘dual control of energy' in China, was key factor behind price rise. Sales volume for both paste PVC and suspension-PVC suffered on account of extended monsoon and environmental restriction near national capital region, leading to buildup of inventories for the company.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
