MOIL Q1 Review - Earnings Above Estimate, High Volumes Lead To Ebitda Beat: Systematix

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..Systematix Research Report.MOIL Ltd.’s Q1 FY23 net sales at Rs 3.7 billion was up 28.0% YoY, but fell 19.7% QoQ (10% above estimate). Adjusted Ebitda of Rs 1.5 billion rose 76.7% YoY, but declined 30.8% QoQ (also 10% above estimate). The beat in Q1 result was largely driven by high inventory liquidation and sales volumes of 0.28 million tonne, which were up 8.4% YoY, but down 25.3% QoQ (3% above estimate). Blended realisation at Rs 12,023/tonne surged by 16.6% YoY and 8.3% QoQ. MOIL’s manganese ore pricing is linked to international landed prices, and largely tracks global cues. MOIL is currently amid a multi-year capex to raise its evacuation capacity to 2.5 million tonne of manganese ore by 2025 and further to 3 million tonne by 2030 from 1.3 million tonne currently, despite the 9-12 month delay in near-term capex..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.

MOIL Q1 Review - Earnings Above Estimate, High Volumes Lead To Ebitda Beat: Systematix

MOIL Q1 Review - Earnings Above Estimate, High Volumes Lead To Ebitda Beat: Systematix

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