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.
Prabhudas Lilladher Report
We expect Ebitda of our coverage universe to grow 11% QoQ on back of higher volumes.
Steel realisations would grow by 2.3% QoQ/Rs 1,550/tonne.
While costs are expected to increase by 8.2% QoQ/Rs 3,365/tonne due to higher coal cost.
Sales volume is expected to grow by 18% QoQ due to unleash of pent-up demand with lockdown relaxations.
Owing to higher costs partially offset by increase in realisations, Ebitda margins of steel companies under our coverage would fall by 7% QoQ/Rs 1,820 to Rs 25,225.
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