Metals Q1 Results Preview - Strong Quarter Aided By Healthy Realisation: ICICI Direct
Hammers and other tools lay on the floor of a small metal factory in India. (Photographer: Sanjit Das/Bloomberg)

Metals Q1 Results Preview - Strong Quarter Aided By Healthy Realisation: ICICI Direct

Bookmark

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.

ICICI Direct Report

For Q1 FY22E, we expect domestic steel companies to report a healthy quarter (in terms of Earnings before interest, taxes, depreciation, and amortization/tonne), driven by higher steel prices.

For the quarter, on a QoQ basis we expect blended realisation of steel companies to be higher in the range of Rs 6,000-7,000/tonne (for our coverage universe), wherein the price increase is higher for flats than longs. Subsequently, on a QoQ basis for our coverage universe, we expect Ebitda/tonne of steel companies to increase in the range of ~Rs 4,000-5,000/tonne.

Click on the attachment to read the full report:

ICICI Direct Metals Mining Q1 Preview July 10.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.