Specialty Chemicals Results Preview - Weak Q4 Estimates Imply FY25E EPS May Be At Risk: ICICI Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We estimate our specialty chemical coverage universe’s revenue to dip 1.1% YoY (up 11.8% QoQ) in Q4 FY24E amid weak demand and subdued pricing. Ebitda will likely decline 15.5% YoY (+23.3% QoQ) on weaker spreads and operating deleveraging. Company wise highlights:SRF Ltd.’s Ebitda may rise 78.9% QoQ due to seasonality/higher realisation for ref-gas; packaging films Ebit to remain subdued. SRF to outperform peers in chemicals segment. Navin Fluorine International Ltd.’s Ebitda (down 54.8% YoY) may be hurt by lower revenues from specialty/contract development manufacturing organisation segments. Gujarat Fluorochemicals Ltd.’s Ebitda may be down 48.8% YoY due to lower refgas/fluoropolymers volumes and lower prices for bulk chemicals. Clean Science and Technology Ltd.’s Ebitda down 15.4% YoY may take a hit from lower pricing in performance chemicals, but margin shall remain healthy in spite of hindered amine light stabilisers plant commissioning..Click on the attachment to read the full report:.Chemical Sector Q4 Results Preview - Slower Than Expected Demand Pick-Up: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Specialty Chemicals Results Preview - Weak Q4 Estimates Imply FY25E EPS May Be At Risk: ICICI Securities

Ebitda will likely decline 15.5% YoY (+23.3% QoQ) on weaker spreads and operating deleveraging.

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