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ElvaYerkes
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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ElvaYerkes
Release Time:2024-06-13
Chemplast Sanmar Q4FY22 revenue up 35%; profit rises by 29%
Chemplast Sanmar Limited has reported Q4 FY22 revenue of Rs. 1,807 crore up 35% vis-a-vis Q4 FY21 whereas profit was Rs. 232 crore up 29% vis-a-vis Q4 FY21. The company’s revenue for FY22 increased by 55% to reach Rs. 5,892 crore whereas net profit increased by 109% to reach Rs. 649 crore. In FY22, revenues grew at a healthy rate owing to strong volume off-take and higher realisation across all key products – Specialty Paste PVC resin, Suspension PVC, Chloromethanes, and Caustic Soda. In Q4 FY22, revenue grew by 35% on YoY basis due to pick-up in demand coupled with better realisation for most of the products. The company also liquidated excess inventory of Specialty Paste PVC resin and Suspension PVC built up in Q3 FY22. The Suspension PVC prices rebounded in Q4 FY22 with a pick-up in demand and supply tightness around the world. Caustic prices continue to remain strong on structural tightness globally. A 10% increase in Suspension PVC cap...
Detail >
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