Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspapers advertisement are enclosed.13-02-2024
13-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Chemplast Sanmar Ltd.
Specialty Chemicals company Chemplast Sanmar announced Q3FY24 & 9MFY24 results: Financial Highlights: - Revenue from Operations (Q3FY24): Rs 888 crore, a decrease of 25% from Rs 1,189 crore in Q3FY23. - EBITDA (Q3FY24): (Rs 7 crore), non-meaningful comparison (nm) with Rs 78 crore in Q3FY23. - EBITDA Margin (Q3FY24): -1%, significant decline from 7% in Q3FY23. - PAT (Profit After Tax) (Q3FY24): (Rs 89 crore), PAT Margin at -10%, a significant downturn from Rs 27 crore, 2% in Q3FY23. - Revenue from Operations (9MFY24): Rs 2,872 crore, down by 24% from Rs 3,794 crore in 9MFY23. - EBITDA (9MFY24): Rs 5 crore, declined by 99% from Rs 371 crore in 9MFY23. - PAT (9MFY24): (Rs 127 crore), PAT Margin at -4%, decreased from Rs 106 crore, 3% in 9MFY23. Key Business Highlights: - Suspension PVC and Paste PVC prices decreased by 8% and 6% respectively on a quarter-over-quarter basis. - Caustic Soda and Chloromethanes prices remained flat compared to the previous quarter. - EDC (Ethylene Dichloride) prices saw an increase of 12.5% from Q2FY24 to Q3FY24. - Power costs rose marginally by around Rs 4 crore from the previous quarter. - Phase 1 expansion of the Custom Manufactured Chemicals division began commercial despatches. Projects Update: - Paste PVC expansion project is expected to be commissioned in Q4FY24. - Phase 2 of the Custom Manufactured Chemicals expansion is projected to be completed in Q1FY25. Ramkumar Shankar, Managing Director, stated: "After a relatively better Q2FY24, Q3FY24 performance ran into heavy weather due to further correction in PVC prices on account of dumping from China and other countries, slow down in the Other Chemicals business due to the over-supply situation in India, increase in key feedstock prices and adverse impact of the lag effect in correction of VCM prices. However, the boom in the infrastructure and real estate sectors is driving the strong demand for PVC. We expect a gradual recovery in prices and margins over the next 2-3 quarters. The Other Chemicals business is also expected to witness improvement in prices in the next 3-4 quarters once the excess supply is absorbed by the market. In our Custom Manufactured Chemicals Division's business, the pipeline is healthy. We commercialised 3 new products this year and a number of products are under various stages of development. Despite the challenges on account of the downturn in the global agrochemicals industry and the consequent inventory rationalisation, we expect this business to deliver reasonable growth during the year. While commercial production from Phase 1 of the expansion project has commenced, Phase 2 is expected to be completed in Q1FY25. The 41 ktpa Paste PVC project is expected to start commercial production in Q4FY24. This will further cement our position as the leading Paste PVC producer in India. Despite the recent uncertainty in the industry, we are confident of the long term potential of all our businesses and are strengthening our capabilities and relationships to grow in a sustainable manner." Result PDF13-02-2024
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investors Presentation enclosed12-02-2024
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Earnings release enclosed.12-02-2024
Chemplast Sanmar Ltd - 543336 - Un-Audited Standalone As Well As Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2023
Unaudited standalone and consolidated results 31st dec, 2023 is enclosed12-02-2024
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Earnings call invite is enclosed08-02-2024
Chemplast Sanmar Ltd - 543336 - Update On Development Of Pendency Of Litigation(S) Or Dispute(S) Or The Outcome Thereof
Update on development of pendency or Litigation(s) or dispute(s) or the outcome thereof is enclosed03-02-2024
Chemplast Sanmar Ltd - 543336 - Board Meeting Intimation for Considering, Approving And Taking On Record The Unaudited Standalone As Well As Consolidated Financial Results Of The Company Along With The Limited Review Report Thereon For The Quarter And Nine Months Ended 31St December, 2023.
Chemplast Sanmar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2024 ,inter alia, to consider and approve and take on record the Unaudited Standalone as well as Consolidated Financial Results of the Company along with the Limited Review Report thereon for the quarter and nine months ended 31st December, 2023.02-02-2024
Chemplast Sanmar Ltd - 543336 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended December 31, 202312-01-2024
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation regarding credit rating is enclosed.03-01-2024