Metals, Mining Q4 Earnings Review - Cost Pressure Persists; Margins Fizzles Out: Centrum Broking

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..Centrum Broking Report.In Q4 FY22, ferrous companies (except Tata Steel Ltd. and Jindal Steel and Power Ltd.) reported higher Ebitda (though Ebitda/tonne was lower except Steel Authority of India Ltd.) QoQ, on account of higher volumes which was largely offset by increase in coal prices and flat to lower steel prices while non-ferrous companies benefitted from increases in London Metal Exchange prices partially offset by higher operational cost and resulted further improvement in Ebitda QoQ. We observe that fall in inventory levels released working capital which helped in further debt reduction. In mining, NMDC Ltd.’s earnings (below estimate) were hit by lower iron ore prices, 22.5% additional premium and certain one-offs while Coal India Ltd.'s earnings (better than expected) increased owing to higher prices and lower than expected employee expenses..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.

Metals, Mining Q4 Earnings Review - Cost Pressure Persists; Margins Fizzles Out: Centrum Broking

Metals, Mining Q4 Earnings Review - Cost Pressure Persists; Margins Fizzles Out: Centrum Broking

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