Tarsons Products Q4 Review - Stellar Performance: ICICI 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..ICICI Securities Report.Tarsons Products Ltd. reported strong Q4 FY22 performance, ahead of our estimates on all fronts. Revenue grew 26.2%/20.8% YoY/QoQ to Rs 849 million (our estimate: Rs 753 million) driven by strong growth in both domestic and export markets. Ebitda margin improved 100/510 basis points YoY/QoQ to 52.2% (our estimate: 45.5%) led by operating leverage. Adjusted profit after tax grew 62.9% YoY to Rs 295 million (our estimate: Rs 218 million). Tarsons commands industry leading Ebitda margin (~51% in FY21) supported by technical expertise and economic of scale. We like the company for its strong domestic presence with favorable industry tailwinds, growing export opportunity and robust financials..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.

Tarsons Products Q4 Review - Stellar Performance: ICICI Securities

Tarsons Products Q4 Review - Stellar Performance: ICICI Securities

Choose a plan