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
Vardhman Special Steel Ltd. reported a healthy set of Q4 FY21 numbers on the back of strong demand from the automobile sector.
Sales volume for the quarter was at 47828 tonnes, up 34% YoY, 4% QoQ.
Topline came in at Rs 334.5 crore, up 63% YoY, 16% QoQ. Topline growth was on the back of higher sales volume and price increase, which came into effect from January 2021.
Ensuing Ebitda came in at Rs 52.3 crore, up 231% YoY, 32% QoQ.
Ebitda margin for the quarter was healthy at 15.6% (13.7% in Q3 FY21, 7.7% in Q4 FY20).
The robust Ebitda performance was primarily on the back of increase in sales volumes, price increase, better realisations and higher operational efficiencies.
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.