Birla Corp Q3 Review: Expansion To Support Decent Growth: Dolat Capital
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.
Dolat Capital Report
Results were broadly in line but profit after tax above estimates.
Birla Corporation Ltd. posted 3.6%/11.9%/82.1% YoY growth in revenue/Ebitda/profit after tax to Rs 17.8 billion/Rs 3.3 billion/Rs1.5 billion in Q3 FY21 led by 3.2% YoY growth in volumes, coupled with 0.9% YoY realisation growth (down 2.2% QoQ) to Rs 4,770/tonne.
We expect 9.5%/11.8%/15.5% revenue/ Ebitda/adjusted profit after tax compound annual growth rate over FY20-23E led by down 4.1%/14.8%/18.0% volume growth and 0.4%/0.5%/1.0% cement realisation growth in FY21E/FY22E/FY23E.
Click on the attachment to read the full report:
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.