ICICI Direct: Maharashtra Seamless Posts Steady Operational Performance Amid Challenging Enviroment

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Maharashtra Seamless Ltd. reported an operationally steady performance for Q1 FY21 wherein the company was able to maintain its Ebitda margins despite a challenging market scenario.Consolidated topline for the quarter was at Rs 459 crore (down 34% YoY, 22% QoQ). Seamless pipe sales volume for the quarter was at 44900 tonnes (down 36% YoY, 34% QoQ).Similarly, electrical resistance welding (ERW) volumes for the quarter were at 13184 tonnes (down 18% both QoQ as well as YoY).On a consolidated basis, the company reported an Ebitda margin of 22.0% (compared to 22.2% in Q1 FY20, 17.7% in Q4 FY20).Consolidated Ebitda was at Rs 101 crore (down 3% QoQ, 35% YoY).For the consolidated operations, for the quarter, depreciation expense were at Rs 29 crore (up 4% QoQ, 45% YoY), finance cost was at Rs 16 crore (up 13% QoQ but down 12% YoY) while other income was at Rs 17 crore (down 10% YoY).Ensuing consolidated profit after tax for the period was at Rs 45 crore (down 41% YoY)..Click on the attachment to read the full report:.DISCLAIMERThis 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.

ICICI Direct: Maharashtra Seamless Posts Steady Operational Performance Amid Challenging Enviroment

ICICI Direct: Maharashtra Seamless Posts Steady Operational Performance Amid Challenging Enviroment

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