Concall notes from Atulsingh Asan
From Concall notes of Rain ind
-Import restrictions on GPC & CPC into India and divestment of the Polymers business and closure of aromatic chemicals production are the primary reasons for the decrease in volumes
-Delayed shipments in the third quarter impacted profitability, but those volumes will be delivered in the fourth quarter
-Volumes across segments have stayed the same or decreased over the last 5-7 years
-Management is focused on debt reduction to drive value for shareholders
The company plans to reduce debt by at least 15 to 18% in the next 18 months
-The company is focusing on research and development of synthetic graphite anode materials for Lithium-ion Batteries
-The company may consider listing the carbon business in the USA once headwinds subside
-Margins for the advanced materials segment have been improving and are expected to return to normal levels in the first quarter of 2024
#rainind
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