9 Aug 2022 , 03:46 PM
Result date: 10th August
Recommendation: Buy
Target Price: Rs3,220
Analysts at IIFL Securities believe increase in input costs could put pressure on margins of the company. This pressure is expected to have continued in the entire quarter in spite of some fall in metal prices during the quarter. The company was able to offset some of the increase in input costs by raising prices.
Profit After Tax (PAT) could grow 143.9% over the year-ago quarter.
Key management insights to look into:
June 2022 estimates | Y-o-Y | Q-o-Q | |
Volumes (standalone) | 187,205 | 51.4% | 0.8% |
Consolidated Revenue (Rs mn) | 32,519 | 64.7% | 1.8% |
Consolidated EBITDA (Rs mn) | 7,503 | 106.7% | (0.9)% |
EBITDA margin | 23.1% | 469 bps | (63) bps |
PAT (Rs mn) | 5,785 | 143.9% | (5.2)% |
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