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.
Dolat Capital Report
Results were above estimates on all fronts.
Birla Corporation Ltd. posted 1.7%/ 22.6%/ 88.6% YoY growth in revenue/ Ebitda/ profit after tax to Rs 16.5 billion/ Rs 3.8 billion/ Rs 1.7 billion in Q2 FY21 led by up 2.2% YoY growth in volumes coupled with 1.1% YoY realisation growth (down 1.5% QoQ) to Rs 4,880/ tonne.
We expect 10.2%/ 12.6%/ 16.9% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over FY20-23E led by 4.1%/ 17.7%/ 16.0% volume growth and 1.5%/ 0.5%/ 1.0% cement realisation growth in FY21E/ FY22E/ FY23E.
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