BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
We expect chemical companies in our coverage universe to report double-digit revenue growth YoY (flat QoQ) due to better pricing and a low base of Q4 FY20 (Covid-19 impact).
However, spreads are expected to remain under pressure due to rising petrochemical prices, leading to lower Ebitda margin sequentially.
Pipe companies are expected to report lower volume off-take due to demand deferment by end-users amidst a steep rise in PVC (polyvinyl chloride) resin and hot rolled coil prices, while Ebitda margins should remain firm YoY and QoQ due to inventory gains.
Q4 FY21 is likely to be one of the best quarters for textile companies as domestic and export demand for yarn and garment remains strong.
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