Indian chemical sector hits a rough patch

India's chemical companies are going through a rough patch. Most of the big players have seen their revenue and profits drop in the last quarter. We studied the top 10 chemical firms listed in the BSE 500 Index. However, we haven't included companies dealing in paint and explosives in this data. Even the data proves the downward trend. Disappointing Q1 results Exceptions aside, almost all major companies have recorded negative earnings growth Company M-cap (Rs cr) YoY revenue growth (%) YoY PAT growth (%) YoY change in operating profit margin (% pt) SRF 68216 -14.3 -40.9 -6 PI Industries 56596 23.8 45.9 2.1 UPL 43952 -17.2 -81.1 -7.3 Coromandel International 31539 -0.6 -1 0.4 Gujarat Fluorochemicals 31066 -9.3 -34.3