Last couple of years its was due to subdued demand for dyes and intermediates so they had to sell at lower realizations and this year its due to lower offtake and lower realizations of fertilizer. Both segments need to fire for decent margins. As per management opinion, FY25 is likely to be such an year since
- Good dyes demand is expected to continue in FY25
- Fertilizer sales bouncing back to normal levels with expected good monsoon
- Improvement in costs with solar power and back ward integration (only partial effect in FY25 though)
Subscribe To Our Free Newsletter |