SUPER STRONG RESULTS BY KOTHARI PETROCHEM with EPS doubling & revenues growing by +20%
Company has reported strong Cashflows for H1 & its H1 Eps ~ FY23 EPS (which itself was at a higher base)
The company has been transitioning from traditional lower weight PIB to HR PIB, high molecular weight PIB and different grade variants from
main grade PIB products.
Further, its revenue base is diversifying with contribution from several other industries like Lubricants & masterbatches industry which itself reported strong nos this qtr (check Gulf Oil’s & Plastibends performance).
Overall, Outlook remains positive.
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