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.
ICICI Securities Report
Dalmia Bharat Ltd.'s Q4 FY21 Ebitda at Rs 7.8 billion (up 53% year-on-year) was broadly in line with consensus estimates.
Volumes grew 24% YoY implying a two-year compound annual growth rate of 7%.
While realisation increased 4% quarter-on-quarter (8% YoY), total cost/tonne also rose 4.5% QoQ resulting in broadly flat Ebitda/tonne QoQ at Rs 1,209/tonne (up 23% YoY).
Management deferred the announcement of capital allocation policy (which aims to double the company’s capacity) citing Covid-19 resurgence.
While near-term volumes may be impacted due to various government restrictions to combat Covid-19, management expects demand to bounce back as situation normalises.
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