{"id":131568,"date":"2022-07-22T07:49:31","date_gmt":"2022-07-22T11:49:31","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131568"},"modified":"2022-10-06T04:34:51","modified_gmt":"2022-10-06T08:34:51","slug":"meghmani-finechem-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/meghmani-finechem-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Meghmani Finechem Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Meghmani Finechem Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/XQtFG6HWQB8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Meghmani Finechem Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/MFL\/\">MFL<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>On 18 July MFL commissioned India&#8217;s largest CPVC resin plant with a production capacity of 30,000 tons per annum. From 3Q23 onwards, MFL expects volume of CPVC to pick up.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Deepak Poddar from B&amp;K Securities asked about weakness with respect to caustic prices, if it\u2019s related to demand sluggishness or seasonal factors. Maulik Patel MD said that price reduction is not there in the caustic soda. MFL feels the caustic soda price correction will not happen as much as it is in the other products.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Poddar of B&amp;K Securities enquired about European power crisis if it has resulted in some new opportunities emerging for the entire sector with respect to exports. Maulik Patel MD replied that definitely European prices is higher and the U.S. prices is higher, so supply chain will be changed immediately based on the pricing effect, based on the continent. So, high demand and high opportunity will be possible in the coming times.<\/li>\n<\/ul>\n<ul>\n<li>Riya Mehta with Aequitas Investment asked that overall as a total, across all the sectors, how much decline in demand does MFL see in domestic market. Maulik Patel MD said that demand, if India is growing, as infrastructure spending is starting in the chemical sector because of the PLI, agrochemical, pharma sector. The capex will continue and the demand will absorb the expanded capacity in coming times.<\/li>\n<\/ul>\n<ul>\n<li>Riya Mehta with Aequitas Investment also asked about the capacity utilization forecast for FY23. Sanjay Jain CFO said that for caustic soda, MFL expects about 90% is true capacity of plant efficiency.<\/li>\n<\/ul>\n<ul>\n<li>Riya Mehta with Aequitas Investment asked about the power cost per unit currently and coal price. Sanjay Jain CFO replied that for this quarter, the generation cost is roundabout INR9.5 for captive power plant. On coal price, there is a slight effect in the coming quarter. But it will come in 2Q and 3Q onwards.<\/li>\n<\/ul>\n<ul>\n<li>Riya Mehta with Aequitas Investment asked about the breakup of the revenue from each segment like caustic, ECH, etc. Maulik Patel MD said that MFL will be reaching to optimum capacity utilizations for the new plants, ECH and CPVC, by FY24. Once that happens, MFL expects its revenue contribution from Derivatives and Specialty to be around 45%, 50% of the total revenue.<\/li>\n<\/ul>\n<ul>\n<li>Riya Mehta with Aequitas Investment enquired about the current ECU of caustic and the chlorine realizations. Maulik Patel MD said the current ECU realization is INR50,000 for caustic as of now. It is a little bit on the higher side compared to 4Q22.<\/li>\n<\/ul>\n<ul>\n<li>Deepak Poddar of Sapphire Capital asked about the savings expected from the 18.5-megawatt solar plant expected to commission by 3Q23. Maulik Patel MD answered that right now, MFL is getting power from the grid and the captive power plant. Definitely it will save more than 30% of the power cost.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Meghmani Finechem Limited (MFL) Q1 FY23 Earnings Concall Management Update: On 18 July MFL commissioned India&#8217;s largest CPVC resin plant with a production capacity of 30,000 tons per annum. From 3Q23 onwards, MFL expects volume of CPVC to pick up. Q&amp;A Highlights: Deepak Poddar from B&amp;K Securities asked about weakness with respect [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Meghmani Finechem Limited Q1 FY23 Earnings Conference Call Insights #MFL #Q1 #FY23","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,9044],"class_list":["post-131568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-industrial-products"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126675,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131568,"position":0},"title":"Meghmani Finechem Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 25, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=RbT4g_BKNWM Key highlights from Meghmani Finechem Limited (MFL) Q3 FY22 Earnings Concall Management Update: MFL achieved highest ever nine-month topline of INR152 crores. Its new expansion projects are on track for completion as per schedule. Q&A Highlights: \u00a0Rahul Veera with Abakkus enquired if the company is seeing any incremental pressure\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144225,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131568,"position":1},"title":"Meghmani Finechem Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"April 26, 2023","format":false,"excerpt":"https:\/\/youtu.be\/ZjLZNU_Kpd8 Key highlights from Meghmani Finechem Limited (MFL) Q4 FY23 Earnings Concall Management Update: [00:03:44] MFL said its expansion plans such as additional capacity of CPVC resin, chlorotoluene's value chain and an R&D center are moving according to schedule and will drive growth in FY25. Q&A Highlights: [00:07:21] Dhruv asked\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128594,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131568,"position":2},"title":"Meghmani Finechem Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"April 26, 2022","format":false,"excerpt":"https:\/\/youtu.be\/eqk613DQQcc Key highlights from Meghmani Finechem Limited (MFL) Q4 FY22 Earnings Concall Management Update: MFL closed the year with highest ever revenue and PAT of INR1,551 crores and INR253 crores respectively, which is attributed to a volume growth of 20% and higher realization for all the products. Q&A Highlights: Manish\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148091,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-q4fy23-earnings-story\/","url_meta":{"origin":131568,"position":3},"title":"Meghmani Finechem Q4FY23 Earnings Story","author":"Karan_Singh","date":"June 2, 2023","format":false,"excerpt":"Meghmani Finechem Limited (MFL) is part of the Ahmedabad-based Meghmani Group. It was incorporated in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL) but was demerged in April 2021. The company is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148501,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-a-growth-story\/","url_meta":{"origin":131568,"position":4},"title":"Meghmani Finechem: A Growth Story","author":"Karan_Singh","date":"June 7, 2023","format":false,"excerpt":"\u201cFY '23 has been an exciting year even after a lot of volatility for the business. The realizations for all the products were at peak at the starting of the year and have reached to a bottom level by the end of the year. Even after this, our top line\u2026","rel":"","context":"In &quot;Other Industries&quot;","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/06\/iStock-97234232.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":131665,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-limited-mfl-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":131568,"position":5},"title":"Meghmani Finechem Limited (MFL) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"July 21, 2022","format":false,"excerpt":"Meghmani Finechem Limited (NSE: MFL) Q1 FY23 Earnings Concall dated Jul. 21, 2022 Corporate Participants: Milind Kotecha\u00a0--\u00a0Investor Relations Officer Maulik Patel --\u00a0Chairman and Managing Director. Sanjay Jain\u00a0--\u00a0Chief Financial Officer Analysts: Monali Jain\u00a0--\u00a0Go India Advisors -- Analyst Deepak Poddar\u00a0--\u00a0Sapphire Capital -- Analyst Riya Mehta\u00a0--\u00a0Aequitas Investment -- Analyst Amarnath Bhakat\u00a0--\u00a0Ministry of Finance,\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131568"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}