Atul Ltd, an integrated chemicals company, reported a mixed segmental performance in the second quarter of 2022-23. While the POC (performance and other chemicals) segment reported a muted 7% y-o-y revenue growth, the life cycle segment (LSC) reported a strong revenue growth of 65% y-o-y. Overall, the performance was weak with a 5% y-o-y decline in adjusted PAT (adjusted for forex gains). Despite this, the long-term prospects of the company