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ICICI Direct: Tata Metaliks Posts Healthy Operational Q2 Performance 

ICICI Direct: Tata Metaliks Posts Healthy Operational Q2 Performance

An employee checks a vat of pig iron at the Lochaber aluminum smelter (Photographer Chris Ratcliffe/Bloomberg)
An employee checks a vat of pig iron at the Lochaber aluminum smelter (Photographer Chris Ratcliffe/Bloomberg)

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ICICI Direct Report

Tata Metaliks Ltd. reported a healthy set of Q2 FY21 numbers. Pig iron reported sales volume of 85684 tonnes, up 12% YoY 167% QoQ.

Ductile iron reported sales volume of 48908 tonnes, up 80% QoQ but down 13% YoY.

The YoY decline in sales volumes of ductile iron pipe was on account of delays in project sites arising out of Covid-19 impact.

The company reported a topline of Rs 520 crore, up 2% YoY and 148% QoQ while Ebitda came in at Rs 109 crore versus Rs 41 crore in Q2 FY20 and Rs 10 crore in Q1 FY21.

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ICICI Direct Tata Metaliks Company Update.pdf

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