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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