Q1FY25 results update and personal opinion:
- Growth in revenue and profitability on a YoY basis.
- Slight improvement in profitability on a QoQ basis.
- Q2 and Q3 results of FY25 should also be substantially better since management has guided OPM of 10~12% for FY25 whereas FY24 OPMs for these quarters were in single digit.
- Topline should show better growth in the Q3 and Q4 as a multi-product Hydrogenation Plant at Vadodara, Gujarat commenced on 30th July, 2024 and trial runs are on at the single dedicated Specialty Aroma Chemical plant at Mahad,Maharashtra.
- If camphor pricing improves in the next 3 quarters, OPM might surprise on the upside as that division contributes one-third to the revenue and has been breaking even at the EBITDA level.
Disc: Invested.
Subscribe To Our Free Newsletter |