Q3 Earnings Review And Strategy - Stepping Up The Accelerator: Prabhudas Lilladher
An empty tunnel. (Photographer: Birgit Krippner/Bloomberg)

Q3 Earnings Review And Strategy - Stepping Up The Accelerator: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Q3 FY21 had broad based earnings beat as aggregate sales were higher than estimates by 3.9%, Ebitda by 4.3% and profit before tax by 6% reported sales increased by 0.6%, Ebitda increased by 16.1% and profit before tax by 37.8% YoY.

Consumer durables, metals and cement had fastest topline growth. Metals followed by consumer durables and cement had highest Ebitda growth at 123% and 50%.

Metals, cement, auto and consumer durables had highest PBT growth. Festival season demand has been robust, although Jan has been relatively soft.

Q4 and Q1 should report good numbers on a low base, although margins have peaked out due to rising commodity prices and bottomed out spends on advertising, marketing and overheads.

Click on the attachment to read the full report:

Prabhudas Lilladher Post Quarterly Review.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.