NCL Industries - Growth To Normalise After Stellar Performance: ICICI Direct
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
NCL Industries Ltd.’s FY21 performance improved sharply with the company reporting revenue growth of 47.5% YoY to Rs 1383.7 crore along with Ebitda margin expansion of over 556 basis points to 20.4% and profit after tax of over Rs 148.8 crore despite pandemic woes.
Significant volume catch-up from Q2 FY21 onwards supported by firm realisations helped the company to post a healthy performance.
Although Q4 FY21 margins remained lower at 16.4%, this was partly led by cost pressures (higher petcoke, fuel prices) and the change in sales mix (increase in non-retail share) due to pick-up in infra that led to 2% QoQ drop in realisations.
Click on the attachment to read the full report:
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.