The operating performance should see some benefits from decling raw material costs, however demand recovery holds key for significant upside
Better than expected realisation and operational efficiencies helped boost the operating profit to about Rs 813 a tonne, the highest in five years
Healthy volume growth, better realisations helped the company report higher profit per tonne
Analysts on average had expected the company to post a profit of Rs 1.85 billion
Improving operating profit despite rising costs should push up Street's confidence