Q3 FY2023 quarter results have been disappointing. Total income dropped from 390.09 crores to 327.93 crores QoQ. Net profit took a beating, from 35.73 crores to Rs. 18.62 crores QoQ. Can someone with expertise in this domain, comment on the headwinds being faced by NOCIL and if we can expect better quarters going ahead?
Also, during July 2022, they had said that the forecast for revenue growth was set to grow at 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Can anyone provide insights into why that is, given that NOCIL is the largest player in India in rubber chemicals.
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