Styrenix Performance Materials Ltd.
Q3FY22 Quarterly Result Announced for INEOS Styrolution India Ltd.
Specialty Chemicals INEOS Styrolution India declares Q3FY22 result:
- Profit / (Loss) before tax and exceptional item:
- Oct-Dec 21 : 734 INR
- Jul-Sep 21 : 1,206 INR
- Oct-Dec 20 : 1,353 INR
- Market Update:
- Demand improved post second wave of COVID
- Recovery seen across all market segments during the quarter
- Global supply chain disruptions continue to affect all industries
- Business Update:
- The health and safety of all employees is our first priority – we have implemented strict measures in relation to social distancing, hygiene measures and work from home to minimize risks to our employees
- Plants operated as per market demand, PS plant had statutory shutdown
- Liquidity situation is healthy
- Company has implemented policies to control capex & all discretionary fixed costs have been put on hold