कोशिश गोल्ड - मुक्त
For SRF, there is no light at the end of the tunnel, yet
Mint Kolkata
|December 26, 2024
The growth catalyst for SRF Ltd would be missing in the December quarter (Q3FY25) even after a dismal H1 earnings show.
Revenue from the chemicals business, which made up 41% of H1 revenue, fell 8% year-on-year. The slowdown in the global agrochemical market continues due to elevated inventory at customers' end. Refrigerant gas exports were weak. Plus, cheaper supply from China maintains pricing pressure.
In the Q2 earnings call, SRF withdrew FY25 growth guidance, adding that recovery in H2 will be gradual. Two of SRF's crucial products—the active ingredient (AI) supplied to BASF Ltd and P-17—grapple with weak demand.
यह कहानी Mint Kolkata के December 26, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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