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.
Motilal Oswal Report
National Aluminium Company Ltd.;’s revenue was flattish YoY (up 72% QoQ) to Rs 23.8 billion as lower London Metal Exchange was offset by the rupee depreciation.
Sequentially, LME prices at 1,702/tonne U.S. dollar (up 14% QoQ) led the recovery.
Ebitda at Rs 2.8 billion (up 114% QoQ) was above our estimate of Rs 2.2 billion due to higher-than-expected volumes.
Ebitda was significantly higher compared to Rs 0.3 billion reported in Q2 FY20 on lower input commodity costs (down 13% YoY).
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