Motilal Oswal: Grasim Q2 Review - Emerging From The Woods

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..Motilal Oswal Report.Grasim Industries Ltd.’s Q2 FY21 result exhibits a strong recovery from the Covid-19 pandemic.Both the viscose and chemicals businesses have seen near normalisation of volumes and bottoming out of prices/margins.While Ebitda declined 40% YoY to Rs 4 billion in Q2, it is now expected to grow YoY in Q3 FY21.Sale of low return on capital employed fertiliser business for approximately $350 million has been carried out at a good valuation (12 times FY20 enterprise value/Ebitda) and would help the company substantially deleverage..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.

Motilal Oswal: Grasim Q2 Review - Emerging From The Woods

Motilal Oswal: Grasim Q2 Review - Emerging From The Woods

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