– | Management guided that there will be a spill over effect of decline in raw material prices in Q3 FY23. The EBITDA has been severely impacted due to sharp correction in PVC prices against high priced inventory of raw material and finished goods leading to inventory loss of which a spill over is expected in Q3FY23 as well. |
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– | Demand has improved as price correction is there. And is likely to keep improving in the coming quarters. Volumes have also increased in this quarter and likely to continue in the next quarters as well. |
– | Margins will remain under pressure in Q3 FY23 as well which will start normalizing from Q4 FY3. |
– | The management stated it expects certain action from government on China dumping and expects slowdown in dumping post investigation on dumping. |
– | Management expects to do capex of Rs2-2.5bn in FY23 and replacement capex of Rs1.5-2bn in FY24. |
– | Q2 overall is a weak quarter due to monsoons and still there are better volumes than Q2 FY22. |
– | Inventory Losses have made EBITDA negative. |
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