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Archean Chemical Industries held a conference call on 17 May 2024 to discuss the results for the quarter ended March 2024 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
- Over the last few quarters, the Indian chemical industry at large as well as globally, has experienced some headwinds as China is still yet to come out of its economic challenges and to fully revise their domestic consumption, although which in turn has impacted the overall downstream industries.
- The company saw some stabilization and restoration of select products for few periods, but there have been other challenges on the ground with regards to some demand issues as well as some supply chain issues with regard to freight costs. And these have, on occasion, delayed the overall supplies, which in turn have impacted t...
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