Automobile sector is facing a double sword impact due to shortage of Semiconductor and rising RM and fuel cost.
Although retail demand is improving month-on-month, worsening Chip shortage crisis continued to hit dispatches especially in passenger vehicles and two-wheelers (premium segment).
However CVs and 2W to see month-on-month improvement.
In PVs semiconductor shortage deepened amid mounting coronavirus infections in south-east Asia, especially Malaysia and Vietnam which are back-end chip testing and packaging regions.
VIP Industries Ltd. reported better than expected revenue and Ebitda in Q1 FY22.
Revenue increased 411% YoY to Rs 2,062 million but fell 15.1% QoQ (Safari Industries India Ltd. reported only 9% QoQ fall in sales).
Interestingly, its gross margin improved to 60% from 47% in Q4 FY21 as it procured nearly 90% of luggage from its captive Bangladesh plants.
As per VIP Industries' management, the gross margin is sustainable.
Q1 FY22 Ebitda jumped up nearly three times QoQ to Rs 129 million and it reported net profit of Rs 25 million
Chemplast Sanmar is a specialty chemicals manufacturer primarily focused on specialty paste polyvinyl chloride resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors.
Fairfax India Holdings Corporation based in Canada has invested in SHL Chemicals Group through FIH Mauritius Investments Ltd.
The company also manufactures intermediate products such as ethylene dichloride, vinyl chloride monomer, chlorine and hydrogen.
Why Oil Marketers May Be Staring At Lower Profits In Q1
Jun 07 2021, 8:02 AM
June 07 2021, 8:02 AM
June 07 2021, 8:02 AM
Lower inventory gains, high retail fuel prices and pressure on the refining segment may lower profits for Indiaâs oil marketing companies sequentially in the quarter ending June, a period when a deadlier second wave of the coronavirus pandemic slowed down demand.Early estimates available on Bloomberg showed that adjusted earnings per share of Indian Oil Corp. and Bharat Petroleum Corp. stood at Rs 4.38 and Rs 11.26, respectively, in .
Lower inventory gains, high retail fuel prices and pressure on the refining segment may lower profits for Indiaâs oil marketing companies sequentially in the quarter ending June, a period when a deadlier second wave of the coronavirus pandemic slowed down demand.
The Worldâs Best Hope to End the Pandemic Still Needs More Doses
Jun 03 2021, 9:13 PM
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(Bloomberg Businessweek) On Jan. 23, 2020, the day the novel coronavirus forced the Chinese city of Wuhan into lockdown, two American doctors named Seth Berkley and Richard Hatchett met at the bar of the Hard Rock Hotel in Davos, Switzerland, to talk about vaccines.
(Bloomberg Businessweek) On Jan. 23, 2020, the day the novel coronavirus forced the Chinese city of Wuhan into lockdown, two American doctors named Seth Berkley and Richard Hatchett met at the bar of the Hard Rock Hotel in Davos, Switzerland, to talk about vaccines.