Indian specialty chemicals makers to log weak Q3 on muted demand - PhillipCapital

SRF

01/01/2025 07:04

** Indian specialty chemical cos will likely report a q/q
and y/y drop in Q3 earnings due to weak global demand, disrupted
trade flows and suppressed prices - PhillipCapital
    ** Brokerage expects recovery in earnings from Q4
    ** Says Aarti Industries  ARTI.NS  will lead earnings
momentum sequentially on recovery in Mono Methyl Aniline
exports, while Atul  ATLP.NS  will lead on y/y basis on improved
product mix, low base
    ** Adds SRF  SRFL.NS  will see earnings decline both q/q and
y/y
    ** ARTI, ATLP, SRF trading up 1.1%, down 0.9 and down 0.7%,
respectively

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))