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.
Axis Securities Report
Birla Corporation Ltd.’s operating performance was impacted by the extended and heavy monsoon as well as the shortage of sand in Uttar Pradesh and Bihar (important markets for the company).
The company reported revenue growth of 3% YoY, supported by better sales from the jute division.
The Ebitda/adjusted profit after tax de-grew by 30%/48% YoY owing to higher cost and flat realisation as Birla Corp had to channel its product outside its core market.
The capacity utilisation during the quarter was at 84%.
The volume for the quarter stood at 3.27 million tonnes per annum, flatYoY. The realisation during the quarter came in at Rs 4,878/tonne, flat YoY.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR