The total revenue for the year stood at Rs 624.1 crore, up by 68.9 per cent from the previous year. In FY22, the company raised its sales volume by 43.3 per cent while increasing the EBITDA margin by 100 basis points. Rubber chemicals, lubrication additives, speciality chemicals, etc. are gaining massive popularity. Its export company has contributed 64 per cent of sales and is still growing. This was largely due to the outstanding quality of the company's products and long-term ties with its key customers. The company witnessed a significant margin pressure this quarter, as a result of unpredictable raw materials pricing, rising energy, and freight expenses.

Chennai Petroleum, NCL India and MRPL witnessed positive action in today’s session. 

Along with our thrust on export, our continuous endeavour on higher capacity utilisation has resulted in a reduction of financial cost and better profitability, expresses Mahesh Chandra Garg, Chairman and Managing Director, Goodluck India Ltd. 

On Monday, the equity indices continued their losing streak into the second trading day, finishing with minor losses. After touching the day's low of 16,917.25 in the early trade, Nifty managed to settle above the 17,050 mark. The market was supported by metal, private bank & media stocks while auto, IT, and consumer durables witnessed selling pressure. The domestic sentiment was harmed as a result of poor global signals.

On Monday, the benchmark Indies settled on flat note in the volatile session with selling witnessed in the capital goods, auto and IT indices.However, some buying was seen in the FMCG, metal, power and realty names. The rising dollar index, FII selling spree and rising commodity prices triggered the risk sentiment. 

BSE Smallcap index underperformed broader markets, falling by 0.85 per cent to close at 28,369.82. 

Indices underwent a recovery mode towards the end as Nifty gained about 70 points in the last one hour.

We are envisaging good revenue and earnings CAGR over the next 3-5 years, asserts Ashish Jain, Managing Director, Star Housing Finance Ltd.

The company is very much focussed on the ever-growing telecom market, especially in the context of the upcoming 5G roll-outs, expresses Shashank Agarwal, Joint Managing Director, Salasar Techno Engineering Ltd

GE Power India Ltd, Tata Chemicals Ltd, and GHCL Ltd are today’s mid-day movers.