Questions across 9 calls

Nirav Jimudia

Anvil Wealth

Deepak Nitrite Limited

Deepak Nitrite Limited CC-Feb26.pdf · 2026-02-13

Few questions, in one of the investor presentation slides, we have mentioned that we are in the process of introduction of new products. So if you can share how many products would be coming up? Where are we in terms of these products with the customers, the user industr ies/ applications? And if possible, the size of revenue which Company is expecting from these products put together?

So are any of these products coming up in first half of FY27, where some of these could be commercialized and we can see some revenue contribution from them?

Deepak Nitrite Limited CC-Mar25.pdf · 2025-05-29

I have 2 questions. So, first is on the commissioning of our nitric acid plant. So when we see the other players in the industry having the capacities of nitric acid, they are integrated in terms of their upstream ammonia, whereas probably we have to purch ase ammonia from outside to support our nitric acid production. So just wanted to have your thoughts here that because we need to purchase it from the outside market, how we would be competitive vis -a-vis those players having their captive ammonia? And also, if you can talk about in terms of the opex difference between us and them over a period of time?

So just one thing here. Last quarter, you mentioned that probably we would have our own storage tanks also for ammonia. So how that is progressing and when that could be commissioned? Because now our nitric acid facilities are getting commissioned in Q2. So if you can share something on that storage tanks, that would be helpful.

Deepak Nitrite Limited CC-Dec24.pdf · 2025-02-17

I have two questions. First, when we compare our standalone business, I think our top-line between the second quarter to third quarter fell by close to around Rs. 53 crore, but the EBITDA impact was close to Rs. 33 crore. So, one of the reasons you have mentioned in your opening remarks was that there was some deferment of sales predominantly from the Agro intermediates. So just wanted to understand from you that did these products have higher contribution margins and because of which the impact on the EBITDA was higher ? Or the sales impact of these products was higher than Rs. 53 crore and the RMC cost had an impact because of which our performance was impacted?

So, in terms of this lost performance, what we have suffered in Q3, how confident are we that this could be recouped in Q4 where this sales which we have deferred, could come back to us in Q4 ? Or most of this could be spread between Q4 and Q1?

Grasim Industries Limited

Grasim Industries Limited CC-Feb26.pdf · 2026-02-11

Yes, sir. Thanks for the opportunity. Sir, just one question on the chemical s side. For the epoxy business, just wanted to have your thoughts, a), with the trade deal done with the USA now and Chinese currency also appreciating by close to around 8 % to 9%, how do we see our exports to the USA market in the medium-term? And on a longer-term basis with now EU FTA also in place, how do we see our volumes in terms of exports to that region as well?

Got it, sir. So, just two clarifications here. So, a), do we import any raw material from EU, which were earlier subject to taxes and now with this deal could help us from the chemicals business point of view also and from an overall business point of view also? And b), any volume guidance which you would like to share from the epoxy business point of view for FY27? Thank you so much.

Grasim Industries Limited CC-Nov25.pdf · 2025-11-05

I have two questions on chemicals. Sir, the first is when we see our EBITDA run rate for chemicals, like last year, we were at anywhere between INR250 crores to INR300 crores. And today, when we see we have inched up to anywhere between INR350 crores to INR400 crores. So just want to understand from you that when can we again start seeing the meaningful improvement in the EBITDA run rate for chemicals? And if you can explain this in context of, (a) chlorine value-added products. So is there any scope for improvement in per kg margins here. (b) newer capacities like ECH and CPVC and when it should start contributing meaningfully? And (c) whether the benefit of the power cost reduction with our shift to renewables is optimally achieved or there is a further scope of improvement?

Yes, when it should start meaningfully contributing in terms of the operating profits?

Supreme Petrochem Limited

Supreme Petrochem Limited CC-Jan26.pdf · 2026-01-23

Yes, sir. Good afternoon and thanks for the opportunity. Sir, few questions. Sir, first is on the ABS plant. Like we commissioned the plant in September, and the equipment failure and the subsequent things happened in the month of December. So, in our overall sales volume, what we have reported in Q3, is it possible to share the contribution of ABS into those numbers A and B - When can we again restart the plant and take the capacities to the optimum levels in terms of the production?

Correct. And sir, any number in terms of the contribution?

DCM Shriram Limited

DCM Shriram Limited CC-Mar25.pdf · 2025-05-08

Sir, when we see our Q4 numbers, our PBIT in chemicals have improved by close to around Rs. 42 crore on a Q-on-Q basis, while the ECU is more or less flat. One reason you mentioned that we have seen an increase in the production volumes on a sequential basis. If you can share your thoughts here, like was power cost has come down sequentially or was it because of higher hydrogen sales in the outside market because of our higher caustic production or was it because we have ramped up the volumes and fixed cost were distributed over a larger part of the volumes? If you can share your thoughts here?

I was talking more on a sequential basis.

DCM Shriram Limited CC-Dec24.pdf · 2025-01-21

Sir, I have a few questions to ask on the chemicals side. Sir, when we analyze our ECU numbers for Q3FY'25 vis-à-vis Q2FY'25, our ECU was up by around Rs. 3.50. And if I just multiply with our volumes of 1,80,000 tons, what we have reported in Q3, i t gives us a positive impact of close to Rs. 62 crore. But however, when we see our PBDIT numbers on a QoQ basis, the net impact is only Rs. 27 crore. If you can just help us explain why the difference between both the numbers is varying and is there any specific one-time loss or increase in depreciation because of which this number is not tallying?

So, secondly, when we inter acted last time during Q2 FY '25 concall, you mentioned that chlorine was like negative Rs. 6.50 in Q2 FY'25 which in Q3 FY'25 the trend was around Rs. 9 negative. So, if you can just help us explain what was the chlorine negative in Q3 FY'25 and what's the current trend in terms of the chlorine negative in Q4 of FY'25?

Deepak Fertilizers and Petrochemicals Corporation Limited

Deepak Fertilizers and Petrochemicals Corporation Limited CC-Dec24.pdf · 2025-01-30

So, I have a few questions to ask. So first is when we see our current run rate of TAN and WNA production, our ammonia requirement comes to close to around 4 , 25,000 tons. And once our expansion of TAN and WNA goes through, I think this requirement will go up to 6,20,000 tons. So just wanted to understand from you, let's say, for the Gopalpur project, how we are placed in terms of our ammonia requirement? So , the ammonia would be transported out of our Taloja plant to the Gopalpur plant. This is how the system would work like? And also, if you can share in terms of how both our plants are currently operating on, let's say, one old plant of 1,38,000 tons and the newly commissioned 5 lakh tons of ammonia plant. If you can just help us? Subhash Anand: Okay. Just to share our ammonia plant capacity is 5 lakhs plus. Subhash Anand: The new plant of PCL, which we have set up is 500,000-plus capacity and the old one is around 129,000. , The new plant takes care of our current requirement what we have. So , the old plant is -- we are keeping it or we are not running at this point of time. Coming to the new plant, once Gopalpur and Dahej comes up, yes, our demand goes up. Current Taloja will not be able to cater to entire capacities. And we have planned to import the ammonia and feed to our newer capacity what we have. In fact, the capacity, which is coming up in eastern coast, it's much beneficial if we import and utilize that ammonia rather than shipping from Taloja to those locations. So that commercially, it makes more sense to import and run that plant in that model.

Got it. So let's say, the requ irement of close to 1, 3 0,000 tons of ammonia for the new TAN would be imported and whatever is excess produced here at Taloja would be sold at the merchant rates in the open market? Subhash Anand: Yes. We have all the options available. We can do this, whatever commercially more suitable for us. If selling in the merchant market and importing in Gopalpur or in Dahej is viable option, we'll do that. If shipping is cheaper, we can even do that. So, we have both options. We'll evaluate what makes more sense at that point of time.