Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed the transcripts of the Earnings Conference Call held on January 31, 2022.09-02-2022
09-02-2022
Chemplast Sanmar Ltd - 543336 - Statement Of Utilization Of Initial Public Issue (IPO) Proceeds
Pursuant to Regulation 32 (1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, enclosed please find a Statement of Utilization of Initial Public Issue (IPO) Proceeds for the quarter ended December 31, 202101-02-2022
Earnings Call for Q3FY22 of Chemplast Sanmar
Conference Call with Chemplast Sanmar Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.31-01-2022
Q3FY22 Quarterly Result Announced for Chemplast Sanmar Ltd.
Specialty Chemicals Company Chemplast Sanmar declares Q3FY22 result: Revenues registered a strong growth on account of higher realizations per tonne for our key products - Specialty Paste PVC resin, Suspension PVC, Chloromethanes and Caustic Soda. On the volume front, while the Caustic Soda volume for the quarter was higher, Specialty Paste PVC and Suspension PVC volumes were lower on a YoY basis, primarily due to restrictions around operation of downstream units in the NCR Region due to poor air quality and the extended monsoons during Q3’FY22, respectively. The demand for both Specialty Paste PVC and Suspension PVC has picked up strongly and the built-up inventory is expected to get diluted in near term. Started dispatches of the two newly commercialized products of Custom Manufactured Chemicals business. The product pipeline is strong with a number of projects at various stages of commercialization. Received the environmental clearance for our proposed Specialty Paste PVC expansion. We have received clearance for 70ktpa, but as of now, we are going ahead with 35 ktpa expansion as Phase 1. Debottlenecking of Suspension PVC capacity by 10% is expected to come fully online by Q1’FY23. This is a phased debottlenecking, part of which is already completed. The Company continues to be debt free on a standalone basis and on a consolidated basis the net debt is negligible. Commenting on the results, Mr. Ramkumar Shankar, Managing Director said, “The demand outlook, for both Paste PVC and Suspension PVC, is quite strong due to significant deficit and high import dependence in the domestic market. Increasing tight supply at the global level for both these products, augurs well for domestic manufacturers like us.. With our dominant position in the Indian market and expansion plans to cater to the growing demand, we believe that we are well-placed to benefit from uptick in PVC market. Custom manufacturing business is expected to benefit significantly due to China plus one strategy of global innovators. Q3 has been a very strong quarter financially with revenues registering a 33% growth year on year, and net profit growing 48% year on year. Our specialty chemicals business continued to be strong in the quarter with Paste PVC registering a higher realization, resulting in healthy margins. After reaching all-time highs in October, Paste PVC prices corrected a bit and now trading close to $1,700 – 1,750/ton - in the near to medium term horizon, we expect prices to be range bound. We commercialized two new products on the custom manufacturing side and started dispatches for these products. With respect to Non-Specialty Chemicals, Caustic Soda prices peaked during the quarter and still continue to be on the higher side. Currently, prices are at a level of $600 – 650/ ton. The price of chloromethanes in India reached record highs due to limited availability on account of reduced import arrivals. However, with the addition of new capacity in India, there has been some correction in prices (though even after correction, the prices are still higher than pre-pandemic levels). Once the market absorbs incremental volume, we expect the prices to strengthen again. Suspension PVC prices reached a record high in the month of October largely on account of supply side tightness. Thereafter, prices have softened but continue to remain at healthy levels. We expect prices to continue to remain strong as no significant capacity addition is on the anvil in the near term. It is noteworthy that feedstock VCM prices have dropped even more than PVC has – however, the benefit of the drop in VCM prices would kick in after a lag of 30 to 45 days, while the impact of the drop in PVC prices would have an immediate impact. Therefore, we expect margins on suspension PVC to improve in a few months as the benefit of the VCM price drops start to register. Looking ahead, we are rigorously working on our expansion projects which were mentioned at the time of IPO. ” Result PDF30-01-2022
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed copies of extract of the un-audited standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2021 published in the newspapers29-01-2022
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed the press release titled 'Healthy performance in Q3FY22'29-01-2022
Chemplast Sanmar Ltd - 543336 - Press Meet
The Company will hold a press meet today, January 29, 2022 at 3.00 PM IST to discuss the financial results for the quarter and nine months ended December 31, 2021.29-01-2022
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation29-01-2022
Chemplast Sanmar Ltd - 543336 - Appointment Of Mr N Sankar As Chairman Emeritus
The Board of Directors of the Company at their meeting held today, appointed Mr N Sankar as Chairman Emeritus of the Company with immediate effect for life term on an honorary basis.28-01-2022
Chemplast Sanmar Ltd - 543336 - Board Meeting Outcome for Results For Quarter Ended 31 12 2021
Intimation of Un-audited Standalone and Consolidated Financial Results for the Quarter and nine months ended December 31, 2021, approved by the Board of Directors28-01-2022