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.
ICICI Direct Report
Vesuvius India Ltd. reported revenues at Rs 311.7 crore, up 25.4% YoY aided by better demand in steel, cement.
Ebitda came in at Rs 33.4 crore, up 41.6% YoY. Ebitda margins improved 122 basis points YoY to 10.7% but gross margins dipped 100 bps to ~38.5% YoY.
Vesuvius India reported profit after tax at Rs 23.6 crore, up 44.1% YoY, improved by good margins.
Vesuvius India has completed the acquisition of industrial freehold land at Vizag at a cost of ~Rs 48.5 crore to meet future expansion/business needs.
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