BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
APL Apollo Tubes Ltd. reported subdued operating performance. This was particularly weighed by decline in volumes by 17% YoY due to channel de-stocking and demand being deferred in Infra and other sectors.
Ebitda/metric tonne grew 5% YoY to Rs 5,023 on a higher mix of added products.
Operating performance was in line with our estimates. We maintain our FY23E/FY24E earnings estimate as APL Apollo Tubes is expected to maintain its growth trajectory on a strong demand outlook.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.