Chemcon Speciality Chemicals (CHEMCON) — concall transcript

📢 Key Event
Chemcon reported Q2 FY24 revenue of Rs 75.2 crores, up 29.8% YoY, with inorganic chemicals recovering and new land acquired for expansion.

🔄 What Changed
EBITDA margin declined to 11.1% from 16.6% YoY due to pricing headwinds; inorganic chemical volumes increased while organic chemical demand remained weak.

🔮 What's Next
Growth expected to kick in from FY25 with revival in pharma demand; P-10 plant commissioned, P-11 under construction for FY25 commissioning; new 25,000 sqm land acquired for future expansion.

💡 Investor Takeaway
The company is positioning for recovery in pharma chemicals and expanded capacity, but near-term margins remain pressured by pricing and volume challenges in key segments.

Chemcon Speciality Chemicals reported 29.8% YoY revenue growth to Rs 75.2 crores in Q2 FY24, driven by inorganic chemical volume recovery, but EBITDA margin declined to 11.1% from 16.6% due to pricing pressure. Management expects demand revival in pharma chemicals and expansion of P-10 and P-11 plants to drive future growth, with inorganic bromide business operating at 75-80% capacity and new land acquisition supporting future scale.

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About Chemcon Speciality Chemicals Ltd (CHEMCON)

Chemicals · Chemicals · Listed on BSE

Market Cap: ₹734.26 Cr P/E: 26.1 ROE: 5.8% ROCE: 7.6% Div Yield: 3.24%

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🔥 Also filed on 30 September 2023

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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