Q1 FY18 results are out, as expected the numbers are weak given the planned plant shutdown. As per the Fy17 press release the shut down was supposed to be for 30 days.
However one very interesting thing in the result is the gross margins. This quarter the gross margins are at 59% which have been the highest in last so many quarters.
I have been tracking the margins (Esp Gross margins) for many chemical co’s such as Aarti, Atul, etc this quarter the margins were bad for many of them. DMCC’s gross margin however this quarter bucks that trend. Would be interesting to understand what is the reason. Given the poor headline numbers, the stock may tank tomorrow,
Discl : Invested