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.
IDBI Capital Report
JSW Steel Ltd.’s Q2 FY21 standalone result was better than our and street expectation.
Its volumes at 4.1 million tonnes (up 34% YoY) were slightly ahead of our forecast.
Ebitda/tonne was a beat at Rs 10,136 (up 31% YoY) led by higher realizations, better product mix and inventory liquidation.
Despite ongoing capex of Rs 240 billion over coming years, the company’s consolidated net debt fell by Rs 16 billion to Rs 480 billion.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR