BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Chemicals Ltd.’s Q1 FY23 consolidated Ebitda beat our estimate, with a strong operating performance across geographies backed by robust growth in soda ash realisation.
Globally, demand for soda ash has been buoyant, with a favorable demand-supply scenario. All plants across the geographies have been running at optimum utilisation levels.
Factoring in the strong operating performance in Q1 FY23, we raise our FY23/FY24 Ebitda estimates of Tata Chemicals by 23%/11%, respectively.
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