Indian Petrochemicals Industry Update - Steady Performance In Recent Quarters With Margin Expansion: ICRA

A Reliance Industries Ltd. petrochemical plant in Gujarat. (Photographer: Rajan Chaughule/Bloomberg)

Indian Petrochemicals Industry Update - Steady Performance In Recent Quarters With Margin Expansion: ICRA

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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.

ICRA Report

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.

Click on the attachment to read the full report:

ICRA Indian Petrochemicals Industry Update.pdf

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