SRF Limited CC-Sep24.pdf · 2024-10-23
Sir, last year when the industry was witnessing a downturn in agrochemicals, our confidence was emerging in terms of maintaining the margins and growth because we were supposed to launch 6 to 7 new AIs, which was going to contribute to the revenues. However, I think that quarter-by-quarter, we have been seeing some spillover. So just wanted to check that this new AIs and the contribution to the revenues, which was supposed to come, it has been delayed from the customer side , that they have not been able to launch the final AI from there end or the industry dynamics are such that the overall inventory situation still remains and that's why our customers are not willing to put any material in the market?
Second question is on the margin front. So I mean, the current quarter margins and even last quarter also, so in Chemical business, I'm talking about from 21%, it went to 18% current quarter. So is it all because of the ref gas volatility or spec chem margins are also under pressure, which is driving this margin lower?