Metals, Mining Q2 Preview - Margins In Normalisation Phase; Trajectory To Remain Strong: Prabhudas Lilladher
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Prabhudas Lilladher Report
We expect Ebitda of our coverage universe to grow 11% QoQ on back of higher volumes.
Steel realisations would grow by 2.3% QoQ/Rs 1,550/tonne.
While costs are expected to increase by 8.2% QoQ/Rs 3,365/tonne due to higher coal cost.
Sales volume is expected to grow by 18% QoQ due to unleash of pent-up demand with lockdown relaxations.
Owing to higher costs partially offset by increase in realisations, Ebitda margins of steel companies under our coverage would fall by 7% QoQ/Rs 1,820 to Rs 25,225.
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