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Nirmal Bang Report
Camlin Fine Sciences Ltd.’s Q4 FY22 Ebitda came in 57% below our estimate mainly on account of challenges faced by its European subsidiary in terms of elevated power and fuel costs, owing to the Russia-Ukraine crisis.
Subsidiaries reported a loss of Rs 70 million as Camlin Fine could not pass on Rs 270 million impact from higher power and fuel costs in Italy.
India business’ operational performance improved post ramp-up at Dahej facility. HQ and Catechol, the two diphenols are being produced at Dahej and Italy, wherein production in Italy is sold in the open market. Pass-through mechanism is working well in HQ chain as demand for downstream products is strong.
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