Birla Corp Q4 Review - Results In Line, Volume Growth To Accelerate Post Capex: Nirmal Bang

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..Nirmal Bang Report.Birla Corporation Ltd. reported in-line results for Q4 FY22 as both revenue as well as Ebitda were marginally ahead of our expectations. While absolute Ebitda/million tonne at Rs 653 looks to be on the lower side, we expect it to normalise on account of better realisations and controlled costs. Birla Corp has started dispatches from the recently commissioned Mukutban plant of 3.9 million metric tonne in Maharashtra. We expect volume growth to pick up in the next two-three years on account of this plant. The company has also ramped up production from its captive coal mine and another coal mine is expected to start operations from Q4 FY23, which combined together will result in lower dependance on imported coal/petcoke. For Birla Corp, demand in its key market of Uttar Pradesh is likely to improve given the number of large projects undertaken by the state government..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 - Results In Line, Volume Growth To Accelerate Post Capex: Nirmal Bang

Birla Corp Q4 Review - Results In Line, Volume Growth To Accelerate Post Capex: Nirmal Bang

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