Chemplast Sanmar Ltd - 543336 - Closure of Trading Window
Intimation regarding Closure of Trading Window.27-09-2023
27-09-2023
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcripts of earning conference call held on 11th August, 2023.21-08-2023
Buy Chemplast Sanmar; target of Rs 575: ICICI Securities
ICICI Securities is bullish on Chemplast Sanmar recommended buy rating on the stock with a target price of Rs 575 in its research report dated August 13, 2023.18-08-2023
Chemplast Sanmar Ltd - 543336 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Voting results and Scrutinizer Report is enclosed12-08-2023
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Earnings Call held on August 11, 2023 is enclosed11-08-2023
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspapers publication is enclosed11-08-2023
Chemplast Sanmar Ltd - 543336 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceedings of 39th AGM is enclosed.11-08-2023
Chemplast commissions phase 1 of project in custom manufactured chemicals business
The new production block is fully automated and incorporates various sustainability initiatives to reduce water consumption.11-08-2023
Chemplast Sanmar Ltd - 543336 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation is enclosed10-08-2023
Q1FY24 Quarterly Result Announced for Chemplast Sanmar Ltd.
Specialty chemicals company Chemplast Sanmar announced Q1FY24 results: Revenue from operations of Rs 996 crore in Q1FY24 compared to Rs 1,411 crore in Q1FY23, down 29% YoY EBITDA of Rs (35) crore in Q1FY24 compared to Rs 194 crore in Q1FY23 EBITDA margin % of -3% in Q1FY24 compared to 14% in Q1FY23 PAT of Rs (64) crore in Q1FY24 compared to Rs 41 crore in Q1FY23 PAT margin % of -6% in Q1FY24 compared to 3% in Q1FY23 Commenting on the results, Ramkumar Shankar, Managing Director, said, “With prices of both Suspension and Speciality Paste PVC being at the lowest level over the last 8-10 quarters, Q1FY24 has been one of the toughest quarters in recent times for Chemplast and the PVC industry as a whole. This is mainly due to the sluggishness in demand globally and the excessive dumping from China. However, the domestic demand for Suspension PVC and Speciality Paste PVC was strong through the quarter with an increase in volumes both on YoY and sequential basis. The outlook for the PVC business is improving again, driven by the strong domestic demand, recovery in prices on account of a fall in import arrivals into the country, and reduction in feedstock prices. These factors, coupled with the softening energy costs, augur well for us and we expect better margins from Q2FY24 onwards. The Other Chemicals (Caustic Soda, Chloromethanes, Hydrogen Peroxide, Ref. gases) business also witnessed significant pricing pressures due to a combination of factors including weak demand, excess supply situation in India due to recent capacity additions, and the global slowdown. These headwinds are likely to continue for a couple of quarters. In this tough environment, our Custom Manufactured Chemicals Division continued to perform well and is on track to achieve over 25% revenue growth during the year as against the 10%- 15% guidance given earlier. I am very pleased to inform you that we have completed Phase 1 of the new multi-purpose block promptly with an investment of around Rs 300 crore. With 2 LOIs in place and a strong pipeline of other products, we expect this capacity to reach peak utilization in the next 2-3 years. The 41 ktpa Speciality Paste PVC and Phase 2 of the Custom Manufacturing expansion projects are on track and slated to meet expected timelines. While there are immediate-term challenges, we are very confident of all our businesses’ prospects in the medium to long term.” Result PDF10-08-2023