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 steel companies under our coverage universe to fall sharply by 19% QoQ due to lower volumes and contraction in margins.
Sales volume is expected to contract by 6.5% QoQ due to subdued domestic demand.
Steel realisations would increase by 2.5% QoQ/Rs 1,500/tonne, falling short of expected rise of 10% QoQ/Rs 4,500/tonne in costs on account of higher coking coal cost.
Owing to higher costs partially offset by increase in realisations, Ebitda margins would fall by 14% QoQ/Rs 3,130 to Rs 19,880.
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