MOIL Q4 Review - Strong Operational Performance; In-Line Revenue: Reliance Securities

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..Reliance Securities Report.MOIL Ltd.’s Q4 FY22 revenues at Rs 4.68 billion was largely in line with our estimate of Rs 4.67 billion, up 3.9% YoY and 28.8% QoQ. Manganese ore sales volume at 379,000 tonnes was in-line with our estimate as the company had shared its operational update at the end of FY22. Manganese ore realisation at Rs 11,104/tonne fell 9% YoY, but was up 3% QoQ and was marginally lower (Rs 219) than our estimate of Rs 11,323/tonne. However, Ebitda at Rs 2.14 billion increased sharply by 37.3% YoY and 31.6% QoQ and was significantly ahead than our estimate of Rs 1.63 billion, while margins at 45.7% was 890 bps also higher than estimate. MOIL's Ebitda was partly aided by lower employee costs which fell 11% YoY and 7% QoQ to Rs 1.03 billion..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 Q4 Review - Strong Operational Performance; In-Line Revenue: Reliance Securities

MOIL Q4 Review - Strong Operational Performance; In-Line Revenue: Reliance Securities

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