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HDFC Securities Report
Our chemical universe is expected to report a stable Q2, despite the concerns of the Covid-19 pandemic.
Revenue for our coverage universe is likely to improve by approximately 2.9/14.7% YoY/QoQ and Ebitda may be up by 4.4/7.5% YoY/QoQ.
The nationwide lockdown has impacted operations of the majority of chemical companies in Q1 FY21, but the pick-up has been rapid in Q2.
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