Birla Corp Q4 Review - In-Line Operating Profit; Other Income Boosts Profit: Motilal Oswal

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.Birla Corporation Ltd.’s operating profit was largely in line as a higher-than-estimated cost was offset by greater volume and realisation. Ebitda/tonne, at Rs 653, was 8% below our estimate. Higher other income (up 5.1 times YoY) aided the beat in adjusted profit at Rs 1.4 billion (our estimate: Rs 852 million). Cost pressures continue to impact profitability as operating profit margin dropped 6.2% YoY and Ebitda/tonne fell 31% YoY. The management remains cautious on near-term industry growth and its margin prospects, considering higher inflation and energy costs. We reduce our FY23/FY24 earnings per share estimate by 9%/4%. Though near-term challenges prevail in the industry, we remain optimistic about its demand prospects and expect Birla Corp to benefit from the newly commissioned Mukutban plant (Maharashtra)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Birla Corp Q4 Review - In-Line Operating Profit; Other Income Boosts Profit: Motilal Oswal

Birla Corp Q4 Review - In-Line Operating Profit; Other Income Boosts Profit: Motilal Oswal

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