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
Tata Metaliks Ltd.’s Ebitda and Ebitda margin declined both QoQ and YoY on higher raw material costs. The company reported revenue of Rs 690 crore, up 31% YoY and 7% QoQ.
Tata Metaliks’ Ebitda was at of Rs 68 crore, down 46% YoY and 32% QoQ. Ebitda margin were at 9.8% compared to 24% in Q3 FY21 and 15.5% in Q2 FY22.
During the quarter, Ebitda and Ebitda margin came in muted on the back of higher domestic coke/coking coal costs and also due to high cost inventories of iron ore, which attracted higher royalties.
Ensuing profit after tax was at Rs 36 crore (down 52% YoY and 35% QoQ).
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