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 Direct Report
JSW Steel Ltd. reported a healthy set of Q2 FY21 numbers wherein topline, Ebitda and profit after tax came in higher than our estimate.
On a standalone basis, the company reported sales volume of 4.12 million tonnes (versus our estimate of 4.0 million tonne).
As domestic steel demand rebounded from recent lows and gained momentum, the company reduced the share of exports in its overall volume-mix.
In Q2 FY21, exports as a percentage of total sales fell to 28% versus 57% in Q1 FY21.
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 brokerage 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.