BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
SRF Ltd.'s Q2 FY23 Ebitda at Rs 7.7 billion (up 14% YoY; down 23%), missed our and street estimates on weaker than estimated earnings in technical textiles business and packaging films business, even as chemical business stood better than expectations.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Chemical business revenue at Rs 18.3 billion registered a growth of 62% YoY and 6% QoQ driven by growing demand for existing and new products.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
However, weaker demand for nylon tyre chord fabric impacted technical textile business revenue leading to a 16%YoY & 18% QoQ decline to Rs 4.7 billion and start of new BOPET lines globally led to a 5% QoQ drop inpackaging films business revenue to 13.3 billion.
In addition, inventory loss of ~Rs 130‐140 million, impacted segment margins as well. With a spend of Rs 12.5 billion in the H1 FY23, SRF has already commissioned MMP4, and a captive power plant, and remains on track for investment of Rs 30 billion in FY23.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
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.
