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This Article is From Apr 19, 2024

Chemicals Q4 Results Preview - On A Recovery Path: HDFC Securities

Chemicals Q4 Results Preview - On A Recovery Path: HDFC Securities
Scientist testing a chemical solutions in test tubes in R&D lab. (Source: freepik)
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Alkyl Amines Chemicals Ltd.
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Navin Fluorine International Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Institutional Equities

Revenue for our coverage universe is likely to improve by 8% QoQ while it could fall by 3.8% YoY in Q4. Prices of the chemical are showing a mixed bag on a sequential basis.

As per management, the domestic inventory destocking is over while global inventory destocking will continue for the next two quarters. Ebitda could improve by 16% on QoQ but could fall by 18% YoY.

Click on the attachment to read the full report:

HDFC Securities Institutional Equities Chemicals - Q4FY24 Results Preview.pdf
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