**Q1FY23 - Commentary **
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anticipating a drop in demand of SDAs for Q1 and Q2 FY2023. Due to semiconductor chip shortage coupled with geopolitical issues, which again was further enhanced by COVID lockdowns in China.
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The other three product categories PTC, Electrolyte Salts and PASC together contributed a revenue of ₹ 818 million in these three categories showing an overall growth of nearly 60%.
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On the full year basis FY2022 the total revenue was ₹ 4,336 million out of which only the SDAs contribute ₹ 2,248 million. an average the quarterly sales of these three categories together was at ₹ 515 million against this during Q1 FY2023 achieved a revenue of ₹ 818 million.
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During Q1 FY2023, export stood at ₹ 564 million, contributing around 64% of the total revenue. Export declined during the quarter mainly due to drop in the sale of SDA which is our major export contributor.
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The ongoing capacity expansion of setting up additional facilities at our existing Dahej SEZ is as per schedule and we target to commission the facility by end of Q3 FY2023.
in overall the revenues for Q2 expected to in a similar to Q1FY23 or slightly better, as the SDA revenues are continuous to be in downtrend it is likely that revenues are stable in Q2. And SDA revenues are expected to grow starting from Q3 and brought back to normal run rate from Q4. Expecting the major trigger kicks in with the new capacity launch in Q3 and the SDA normal run rate, currently in a tracking position and add subsequently post Q2 results or in a down trajectory.
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