Revenue from the chemicals business, which made up 41% of H1 revenue, fell 8% year-on-year. The slowdown in the global agrochemical market continues due to elevated inventory at customers' end. Refrigerant gas exports were weak. Plus, cheaper supply from China maintains pricing pressure.
In the Q2 earnings call, SRF withdrew FY25 growth guidance, adding that recovery in H2 will be gradual. Two of SRF's crucial products—the active ingredient (AI) supplied to BASF Ltd and P-17—grapple with weak demand.
هذه القصة مأخوذة من طبعة December 26, 2024 من Mint Ahmedabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 26, 2024 من Mint Ahmedabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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