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Deepak Nitrite held a conference call on 17 February 2024 to discuss the results for the quarter ended December 2024 and way forward. Mr. Maulik Mehta, Executive Director and Chief Executive Officer, Mr. Sanjay Upadhyay – Director, Finance & Group CFO and Mr. Somsekhar Nanda –CFO of the company addressed the call.
Highlights of the Concall
- The operating performance of the company in the quarter was aberrant arising from a perfect storm of plants being idled because of deferred demand, lag adjusted recovery in agrochemical intermediates, and elevated raw material prices and oversupply from China.
- Advanced intermediates and phenolics typically exhibit a counter-cyclical nature, balancing each other out. However, for the first time, both segments encountered challenges simultaneously.
- The overall demand for agrochemical intermediates typically lags by one quarter, affecting segment performance, resulting in a temporary underutilization...
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