Specialty Chemicals Q4 Earnings Preview - Impressive Print: ICICI Securities
Apparatus and equipment stand inside a laboratory. Photographer: Gilles Sabrie/Bloomberg)

Specialty Chemicals Q4 Earnings Preview - Impressive Print: ICICI Securities

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.

ICICI Securities Report

Q4 FY21 earnings for specialty chemical companies under our coverage are expected to be impressive on the low base of Q4 FY20, and a recent rise in chemical (particularly crude derivative) prices may lead to inventory gains.

We expect SRF Ltd.’s chemical business Ebit to grow 52% YoY on a strong show in fluoro-specialty chemicals and rise in realisation for ref-gas, while its packaging film business continues to enjoy strong spreads.

Navin Fluorine International Ltd.’s earnings are likely to benefit from strong growth in specialty chemicals and contract research and manufacturing services segment, and soft fluorspar prices.

Click on the attachment to read the full report:

ICICI Securities Q4FY21 Specialty Chemicals Preview.pdf


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