Indian Petrochemicals Industry Update - Steady Performance In Recent Quarters With Margin Expansion: ICRA
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The demand for several petrochemicals increased sharply in Q4 FY21 such as polyethylene, polypropylene whereas demand for others was stable.
Margins have improved in Q4 FY21 for most products owing to rebound in demand.
However, with the second wave of corona infections margins have been impacted for several petrochemicals.
ICRA expects petrochemical producers to report an increase in operating income in FY22; also despite some moderation, operating margins are expected to continue to remain healthy.
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