Tuesday, 13 June 2023

CARYSIL

Commentary from Mgmnt - Confident of 1000 Cr revenue in FY25 vs earlier target of FY26 - 15-20% growth in FY24 - Margins will expand to 20% - Inventory Destocking in Global Markets is behind - 30-40% growth in Domestic Biz in FY24 Target 100 Cr revenue from each new expansion plant Will re-consider expansion in Quartz capacity post Q2 Have signed a few new $5-10m
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India Daybook – Stocks in News

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