Expect prices to fall post Q1: Gujarat Alkalies

Gujarat Alkalies and Chemicals posted a good set of earnings in Q2 as higher caustic soda prices aided margins and revenue growth was strong. In an interview to CNBC-TV18, PK Gera, MD, Gujarat Alkalies shared the fineprint of those numbers.

Revenue growth is entirely because of the better realisations that we have got in the market, he said.

Current price of caustic soda is ranging from Rs 38,000 per tonne to Rs 40,000 per tonne, he added.

On prices, he said that this quarter is going on reasonably well. He expects China to increase supply by March hence he expects prices to fall post Q1 of FY19.