Alkyl Amines conducted the conference call for Q2 FY22
Here are the concall highlights π§΅π
Here are the concall highlights π§΅π
Business Updates:
β’ Started commissioning of Acetonitrile plants.
β’ Started new project for manufacturing higher need. This is about to commissioned by end of FY22.
β’ Mgmt expect H2 performance to be improved with respect to H1.
Logistics cost is impacting the export business
β’ Started commissioning of Acetonitrile plants.
β’ Started new project for manufacturing higher need. This is about to commissioned by end of FY22.
β’ Mgmt expect H2 performance to be improved with respect to H1.
Logistics cost is impacting the export business
Margins:
β’ Decline of 10% in volume on QoQ basis, due to supply chain issue in pharma & agrochem. This was due to lower production of customer, as their certain other raw material from China is facing issue.
β’ While co. is unable to pass entire price hike to customer.
β’ Decline of 10% in volume on QoQ basis, due to supply chain issue in pharma & agrochem. This was due to lower production of customer, as their certain other raw material from China is facing issue.
β’ While co. is unable to pass entire price hike to customer.
Export:
β’ Export business was fairly strong in Q2, and is about to increase with acetronitrile plant.
β’ There is certain logistics issue going on as of now.
β’ Export business was fairly strong in Q2, and is about to increase with acetronitrile plant.
β’ There is certain logistics issue going on as of now.
Products / Customer:
β’ It will take couple of months to pass on entire price rise to the customer.
β’ With 30 product, revenue share of the product varies from 2% to 15%.
β’ In methyl amines Alkyl has 80% market share in the domestic market.
β’ It will take couple of months to pass on entire price rise to the customer.
β’ With 30 product, revenue share of the product varies from 2% to 15%.
β’ In methyl amines Alkyl has 80% market share in the domestic market.
CAPEX:
β’ 160cr in Acetonitrile is completed and is about to start generating revenue this month.
β’ This year CAPEX would be 170-200cr and next year would be the same target.
β’ 160cr in Acetonitrile is completed and is about to start generating revenue this month.
β’ This year CAPEX would be 170-200cr and next year would be the same target.
Raw Material:
β’ Q2 was very challenging as most of the raw material prices have gone up, with certain prices gone up 200%.
β’ Acetic Acid (used for acetonitrile) has been increased from 40-50Rskg to 100-110rs Kg
β’ Price has been now stable & cooled off.
β’ Q2 was very challenging as most of the raw material prices have gone up, with certain prices gone up 200%.
β’ Acetic Acid (used for acetonitrile) has been increased from 40-50Rskg to 100-110rs Kg
β’ Price has been now stable & cooled off.
Other:
β’ Shortage of container is sorted out, however freight cost has gone high (around 2-4x). These freight cost is settled for value added products, however other product as facing issues.
β’ Alkyl Amines is not dependent on China for raw materials.
β’ Shortage of container is sorted out, however freight cost has gone high (around 2-4x). These freight cost is settled for value added products, however other product as facing issues.
β’ Alkyl Amines is not dependent on China for raw materials.
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