La Opala RG Q1 Review - Improved Growth Momentum From June: Nirmal Bang
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Nirmal Bang Report
La Opala RG Ltd.’s Q1 FY22 operating performance was below our estimates as the revenue growth was affected by the lockdowns in May 2021 and sales worth ~Rs 80 million were shifted to Q2 FY22.
La Opala RG's management indicated that pick-up in demand is visible from June 2021 and the momentum has continued post Q1.
The new capacity of 11 kilo tonne per annum will get commissioned from January 2022 and has total revenue potential of Rs 1.75 billion at peak utilisation.
While Borosil has also announced capacity expansion recently, we believe that the same would come on stream from FY24.
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