Birla Corp Q4 Results Review - Better Than Our Estimates: Nirmal Bang

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Key metrics of Birla Corporation Ltd. came in higher than our estimates. Volume (actual/estimate: 4.9 million tonne/4.8 mt) and Ebitda/tonne (act/est: Rs 974/Rs 927) grew by 9.2% YoY and ~58% YoY, respectively. Realisation came in higher at Rs 5,218/tonne versus our estimate of Rs 5,068/tonne. The ongoing measures to bolster profitability include:Increased use of Green Energy (waste heat recovery and solar),cost rationalisation at the Mukutban plant,use of captive coal,optimisation of logistic costs and premiumisation. .The core operations would meet ~20% of its coal requirements via captive mining at Sial Ghoghri and Bikarm mines. Birla Corp will become the highest coal-sourcing company in future with the start of Marki Barka and Brahmapuri coal mining.We have maintained our Buy recommendation on Birla Corp and valued it at eight times March'26E enterprise value/Ebitda, with a revised target price of Rs 1,890..Click on the attachment to read the full report:.Birla Corp Q4 Results: Profit More Than Doubles Beating Estimates .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Birla Corp Q4 Results Review - Better Than Our Estimates: Nirmal Bang

The Mukutban plant has demonstrated consistent growth, with volume of 0.66 mt recorded in Q4 FY24.

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Birla Corp Q4 Results Review - Better Than Our Estimates: Nirmal Bang

The Mukutban plant has demonstrated consistent growth, with volume of 0.66 mt recorded in Q4 FY24.

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