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HDFC Securities: Q2 Earnings Preview - Chemical Sector On The Road To Recovery

Revenue of chemical makers tracked by HDFC Securities is likely to increase by 2.9% year-on-year in the July-September quarter.

A worker tests a liquid chemical inside a laboratory. (Photographer: Scott Eisen/Bloomberg)
A worker tests a liquid chemical inside a laboratory. (Photographer: Scott Eisen/Bloomberg)

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HDFC Securities Report

Our chemical universe is expected to report a stable Q2, despite the concerns of the Covid-19 pandemic.

Revenue for our coverage universe is likely to improve by approximately 2.9/14.7% YoY/QoQ and Ebitda may be up by 4.4/7.5% YoY/QoQ.

The nationwide lockdown has impacted operations of the majority of chemical companies in Q1 FY21, but the pick-up has been rapid in Q2.

Click on the attachment to read the full report:

HDFC Securities Chemicals Q2FY21 Results Preview .pdf

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