Given the context of headwinds for the agrochem and chemical sector, the results are rather taken positively by the market. Some of the pointers from the conference call.
- Revenue guidance for FY24, 1,200-1,250 Cr. (current market cap 1,203 Cr).
Margin guidance provided as 13.5-14.5% - Market conditions are challenging
- Product samples for a couple of their new products are approved. However, they expect delay of 1-2 quarters for shipping those products
- Management suggesting that they have exciting new products pipeline
- Utilization level to go to 70-75% in next 2-3 quarters. Company to take a call on capacity expansion in Q3/Q4 of current FY
- Expect second of the year to be better
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