The company posted a consolidated revenue from operations at Rs 540 crore, higher by 59 percent on year, and a net profit of Rs 135.8 crore, up 65 percent on year. Revenue from the CRDMO business grew up 70 percent on year. Anthem's EBITDA rose by 52.7 percent to Rs 214.3 crore.
The founder of the portfolio management service weighs in on the good and the ugly that the Indian market has seen and has emerged stronger from. He also has a word of caution about the bad that could be around the corner later this year.
Shares of PCBL surged to a record high after the company highlighted significant growth opportunities amid a favorable global scenario for India's rubber black industry.
ICICI Ventures invested Rs 120 crore in the company in 2016 to acquire a minority stake.
Recognising industry-leading metrics and top-quartile returns, Morgan Stanley anticipates Deepak Nitrite to outperform further as new investments yield results and earnings improve.
Things are better in the hydro fluro carbon (HFC) space in terms of pricing, but volumes are yet to pick up
The management sees a sharp sequential recovery as channel inventory and pricing situation are stabilising. Further, new capacities for varied product categories are expected to contribute in the coming months.
Major domestic players such as Balaji Amines, Aarti Industries and Alkyl Amines reported a 20-50 percent decline in quarterly profit from the year-ago period
They believe that the factors that are driving the recent rally in the stocks may be short term