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.
ICICI Securities Report
Sudarshan Chemical Industries Ltd.'s Q1 FY22 Ebitda was lower than expected at Rs 620 million, down 29% QoQ / up 8% YoY, and was hit due to lockdown in India (revenues down 26% QoQ) and rise in operating costs.
Gross profit margin expansion of 430 basis points QoQ was result of low-cost inventory, and Sudarshan Chemical sees near-term margins to remain volatile due to higher raw material prices.
Further, higher coal and freight costs have put margins under pressure.
Q2 FY22 revenues will be adversely impacted due to Mahad plant closure for two weeks.
Company sees new plant commissioning and product launches to help grow revenues from H2 FY22 onward.
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, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
