Shyam Metalics Q2 Review - Good Performance In A Challenging Quarter: Dolat Capital

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..Dolat Capital Report.Shyam Metalics and Energy Ltd.’s Q2 volume (all inclusive: ferroalloys, intermediaries, finished steel, iron ore pellets) came in at 0.83 kilo tonne (up 1% QoQ), a touch on the softer side given Q2 has been a better quarter QoQ for the sector in terms of volume. The proportion of steel (finished plus intermediaries) was in-line with Q1.Consolidated Ebitda came in at Rs 6.24 billion (down 9% QoQ) versus our expectation of Rs 6.6 billion. We would call this an in-line result, given the challenges in terms of higher iron ore prices and the uncertainty around that. Shyam Metalics' Ebitda/tonne came in at Rs 17,000, better than our estimate of Rs 16,500. Hence, quality of the result is better than our expectation despite marginally lower Ebitda versus our estimates. .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 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.

Shyam Metalics Q2 Review - Good Performance In A Challenging Quarter: Dolat Capital

Shyam Metalics Q2 Review - Good Performance In A Challenging Quarter: Dolat Capital

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