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Archean Chemical Industries held a conference call on 06 February 2023 to discuss the results for the quarter ended December 2023 and way forward. Mr. Ranjit Pendurthi – Managing Director, Mr. Raghunathan Rajagopalan – Chief Financial Officer and Mr. Rajeev Kumar – DGM Finance of the company addressed the call.

Highlights of the Concall

• Revenue increase 13% to Rs 412.63 crore in Q3FY24 compared to Q3FY23. Bromine contributed around 27% of the total revenue in Q3FY24 while industrial salt was around 68% and the balance 5% from SOP (Sulphate of Potash)

• Exports contributed around 75% of total revenues for 9MFY24 while domestic business was 25%.

• Industrial salt sales volume during the quarter was around 1.3 million tonne, bromine was around 5000 tonne and SOP is around 4300 tonne.

• The company mentioned that there's been some moderation in the business performance across the chemical industries at large as the sector has face...
  
  
  
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