Dolat Capital: Birla Corp Q2 Review - Expansion To Support Decent Growth
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 above estimates on all fronts.
Birla Corporation Ltd. posted 1.7%/ 22.6%/ 88.6% YoY growth in revenue/ Ebitda/ profit after tax to Rs 16.5 billion/ Rs 3.8 billion/ Rs 1.7 billion in Q2 FY21 led by up 2.2% YoY growth in volumes coupled with 1.1% YoY realisation growth (down 1.5% QoQ) to Rs 4,880/ tonne.
We expect 10.2%/ 12.6%/ 16.9% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over FY20-23E led by 4.1%/ 17.7%/ 16.0% volume growth and 1.5%/ 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 brokerage 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.