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Birla Corporation inches up on drawing up strategy to augment cement production capacity Birla Corporation is currently trading at Rs. 1242.15, up by 0.45 points or 0.04% from its previous closing of Rs. 1241.70 on the BSE. The scrip opened at Rs. 1215.40 and has touched a high and low of Rs. 1256.00 and Rs. 1215.40 respectively. So far 1597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1266.00 on 30-Jun-2023 and a 52 week low of Rs. 843.05 on 27-Feb-2023. Last one week high and low of the scrip ...
Birla Corporation inches up on drawing up strategy to augment cement production capacity
Birla Corporation inches up on drawing up strategy to augment cement production capacity
Source: Accord Fintech
6/09/2023 2:18:26 PM
Add Birla Corporation Ltd For Target Rs1,368 - Yes Securities Ltd Targets Lean B/S over new CAPEX Result Synopsis Birla Corporation (BCORP) reported in-line revenue, registering a growth of +9% y/y, primarily aided by a volume increase of +12% y/y, although NSR moderated by 3% y/y in Q1FY24. Premium sales contributed 54% of trade sales which is 76% of total sales. With gradual stabilization of Mukutban, the production cost declined by 48% y/y during Q1FY24. Overall, the total cost/te softened by 3% y/y as power & other costs/te declined by 26/10% ...
Add Birla Corporation Ltd For Target Rs1,368 - Yes Securities Ltd
Add Birla Corporation Ltd For Target Rs1,368 - Yes Securities Ltd
Source: Yes Securities Ltd
14/08/2023 3:07:01 PM
Buy Birla Corporation Ltd For Target Rs. .1,370 - Yes Securities Ltd Result Synopsis Birla Corporation (BCORP) reported a strong set of numbers, where net profit rebounded to Rs850mn in Q4FY23 against net loss of Rs499mn in Q3FY23. This was guided by healthy EBITDA of Rs618/te coupled with higher other income (Rs491mn) and incentive accrued (Rs183mn) under exceptional items. BCORP reported all-time high revenue of Rs24.6bn (+9% y/y) aided by volume & NSR growth of +5% & 4% y/y in Q4FY23. During the quarter, premium products contributed 54% of trade ...
Buy Birla Corporation Ltd For Target Rs. .1,370 - Yes Securities Ltd
Buy Birla Corporation Ltd For Target Rs. .1,370 - Yes Securities Ltd
Source: Yes Securities Ltd
21/05/2023 2:55:57 PM
Birla Corporation jumps despite reporting 24% fall in Q4 consolidated net profit Birla Corporation is currently trading at Rs. 1011.70, up by 20.65 points or 2.08% from its previous closing of Rs. 991.05 on the BSE. The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1031.95 and Rs. 1005.75 respectively. So far 15839 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.30 on 09-Sep-2022 and a 52 week low of Rs. 822.80 on 20-Jun-2022. Last one week high and low of the scrip...
Birla Corporation jumps despite reporting 24% fall in Q4 consolidated net profit
Birla Corporation jumps despite reporting 24% fall in Q4 consolidated net profit
Source: Accord Fintech
10/05/2023 11:44:55 AM
Buy Birla Corporation Ltd For Target Rs. .1,270 - Anand Rathi Shares and Stock Brokers Impact of Mukutban unit stabilisation mostly behind; maintaining a Buy The high-cost situation and the Mukutban unit’s pending stabilisation took a toll on Birla Corp’s Q3. High WC requirement kept debt high, however debt repayment to start post Mukutban stabilisation. Aiming at 30m-tonne capacity by FY30, the capacity ramp-up and various costoptimisation measures (coal mines/high AFR use) would aid volume growth and operating efficiency. We retain our Buy rating, with a lower ...
Buy Birla Corporation Ltd For Target Rs. .1,270 - Anand Rathi Shares and Stock Brokers
Buy Birla Corporation Ltd For Target Rs. .1,270 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
22/02/2023 2:24:04 PM
Fundamental Picks 2023 By Nirmal Bang Axis Bank CMP: Rs. 934 Target: Rs.1130 Axis Bank is among India’s top-3 private banks with advances at Rs. 7.3 Lac Cr, strong liability franchise, large distribution network and an array of product offerings. With top management revamped in 2019 and organizational restructuring/changes happening over last 4 years, Axis is now in a good position to harvest the gains. We see the most recent quarterly results as an indication that the bank has reached an inflection point as the ban...
Fundamental Picks 2023 By Nirmal Bang
Fundamental Picks 2023 By Nirmal Bang
Source: Nirmal Bang Ltd
31/12/2022 10:18:56 AM
Buy Birla Corporation Ltd For Target Rs. 1,500 - Yes Securities Ltd In?line Revenue but profitability impaired by cost escalation Result Synopsis Birla Corporation (BCORP) reported weak performance, where EBITDA/te declined by 68% y/y (38% below YSECe) as cost/te escalated by 20% y/y (5% above YSECe). Similarly, EBITDA Margins contracted by 1104bps y/y to 4.6% (YSECe 7.7%) against 11.8% in last quarter. With the commercialization of Mukutban unit, the BCORP registered volume growth of 11% y/y to 3.6MT (5% below YSECe) and NSR increase by +6% y/y (2% abo...
Buy Birla Corporation Ltd For Target Rs. 1,500 - Yes Securities Ltd
Buy Birla Corporation Ltd For Target Rs. 1,500 - Yes Securities Ltd
Source: Yes Securities Ltd.
30/12/2022 2:26:54 PM
Buy Birla Corporation Ltd For Target Rs.1,210 - Motilal Oswal Financial Services Higher costs dent performance; debt increases further Announces changes in the leadership team * BCORP’s 2QFY23 performance was below estimate due to lower sales volume (-4% v/s estimate) and higher opex (+5% v/s estimate). Consol. EBITDA stood at INR940m v/s estimated INR1.9b and EBITDA/t was at INR258 v/s estimated INR496. Net loss was at INR565m v/s estimated loss of INR36m. * Mr. Arvind Pathak has stepped down from the position of MD & CEO. Mr. Sandip Ghose (having a ri...
Buy Birla Corporation Ltd For Target Rs.1,210 - Motilal Oswal Financial Services
Buy Birla Corporation Ltd For Target Rs.1,210 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
24/11/2022 2:23:59 PM
Buy Birla Corporation Ltd For Target Rs.1,185 - Emkay Global Financial Services Cost-pressure hits margins; new MD&CEO selected * Birla Corporation’s (BCORP’s) consolidated EBITDA declined 64-65% YoY and QoQ to Rs940mn, coming 47%/36% below Consensus/our estimates owing to higher-thanexpected cost. Blended EBITDA/ton fell by 68% YoY/61% QoQ to Rs258 (Emkay estimate: Rs400). The Mukutban plant (commissioned at end Apr-22) is expected to support volume growth and help maintain BCORP’s volume market-share in coming years. Arvind Pathak is stepping d...
Buy Birla Corporation Ltd For Target Rs.1,185 - Emkay Global Financial Services
Buy Birla Corporation Ltd For Target Rs.1,185 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
11/11/2022 10:19:25 AM
Pick for the Month : Buy Birla Corporation Ltd For Target Rs.1,144 - Anand Rathi Shares and Stock Brokers Birla Corporation Ltd  * BIRLACORPN has been under pressure since quiet some time but at this juncture its trading near its crucial support. * Previously the stock turned from this level and we saw a rally towards 1130. * On DAILY chart it has formed solid base near 940 which is looking lucrative. * Thus we advise traders to go long in the stock with a stop loss of 880 BUY : BIRLACORPN ; CMP: 966 ; UPSIDE : 18%; TARGET: 1144; Timeframe : 1 Month ...
Pick for the Month : Buy Birla Corporation Ltd For Target Rs.1,144 - Anand Rathi Shares and Stock Brokers
Pick for the Month : Buy Birla Corporation Ltd For Target Rs.1,144 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
2/11/2022 1:02:28 PM
Birla Corporation soars on planning to increase cement production capacity to 30 MTPA by 2030 Birla Corporation is currently trading at Rs. 983.60, up by 15.15 points or 1.56% from its previous closing of Rs. 968.45 on the BSE. The scrip opened at Rs. 970.00 and has touched a high and low of Rs. 986.45 and Rs. 970.00 respectively. So far 1879 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1649.00 on 09-Nov-2021 and a 52 week low of Rs. 822.80 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Birla Corporation soars on planning to increase cement production capacity to 30 MTPA by 2030
Birla Corporation soars on planning to increase cement production capacity to 30 MTPA by 2030
Source: Accord Fintech
5/09/2022 10:25:29 AM
Buy Birla Corporation Ltd For Target Rs. 1500 - Yes Securities Improved NSR unable to offset fuel costs Result Synopsis Birla Corporation (BCORP) reported mixed bag performance. BCORP registered volume growth of 17% y/y to 3.93MT (YSEC est. 4.05MT) as Mukutban unit commercialized. Whereas, +7% y/y (+5% q/q) higher NSR was not sufficient to mitigate the increase in cost/te by +18% y/y (+6% q/q) resulting in Blended EBITDA/te to Rs660 declined by 36% y/y (+1% q/q; YSEC est. Rs707) in Q1FY23. To mitigate the impact of the fuel prices (imported coal/pe...
Buy Birla Corporation Ltd For Target Rs. 1500 - Yes Securities
Buy Birla Corporation Ltd For Target Rs. 1500 - Yes Securities
Source: Yes Securities
8/08/2022 1:02:23 PM
BUY Birla Corporation Ltd For Target Rs.1732 - Yes Securities In-line Margins; Volume led outperformance Result Synopsis Birla Corporation (BCORP) reported in-line EBITDA margin of 12%, While strong sequential volume & NSR growth (+27% & +2%) translate in revenue beat of +9% to YSEC est. to Rs22.6bn in Q4FY22. For FY22, BCORP posted a record volume of 14.2MT (+6% y/y; YSEC est. 14MT) resulting in +10% revenue growth (+3% higher than YSEC est.), however EBITDA decline by 13% y/y as operating cost surged by +19% y/y in FY22. BCORP total ceme...
BUY Birla Corporation Ltd For Target Rs.1732 - Yes Securities
BUY Birla Corporation Ltd For Target Rs.1732 - Yes Securities
Source: Yes Securities Ltd
12/05/2022 11:20:08 AM
Birla Corporation surges as its arm completes acquisition of 100% stake in Utility Infrastructure & Works Birla Corporation is currently trading at Rs. 1209.45, up by 30.00 points or 2.54% from its previous closing of Rs. 1179.45 on the BSE. The scrip opened at Rs. 1171.05 and has touched a high and low of Rs. 1216.80 and Rs. 1166.05 respectively. So far 8979 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1649.00 on 09-Nov-2021 and a 52 week low of Rs. 898.45 on 13-Apr-2021. Last one week high and low of the scrip...
Birla Corporation surges as its arm completes acquisition of 100% stake in Utility Infrastructure & Works
Birla Corporation surges as its arm completes acquisition of 100% stake in Utility Infrastructure & Works
Source: Accord Fintech
1/04/2022 2:18:58 PM
Birla Corporation zooms as its arm starts clinker despatch from Mukutban Integrated Cement Plant Birla Corporation is currently trading at Rs. 1179.55, up by 68.55 points or 6.17% from its previous closing of Rs. 1111.00 on the BSE. The scrip opened at Rs. 1115.10 and has touched a high and low of Rs. 1197.85 and Rs. 1115.00 respectively. So far 21157 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1649.00 on 09-Nov-2021 and a 52 week low of Rs. 898.45 on 13-Apr-2021. Last one week high and low of the scri...
Birla Corporation zooms as its arm starts clinker despatch from Mukutban Integrated Cement Plant
Birla Corporation zooms as its arm starts clinker despatch from Mukutban Integrated Cement Plant
Source: Accord Fintech
31/03/2022 2:23:54 PM
Buy Birla Corporation Ltd For Target Rs.1,675 - Emkay Global Capacity expansion to support volume growth * Birla Corporation’s (BCORP) consolidated EBITDA declined 33% YoY/17% QoQ to Rs2.2bn, 9% and 20% below our and consensus estimates, owing to higher-thanexpected cost inflation. Blended EBITDA/ton fell 29% YoY/19% QoQ to Rs664 (Emkay est.: Rs715). * Factoring in higher input cost inflation, we cut our FY22E-24 EBITDA estimates by 3- 18%. We also reduce our fair value EV/EBITDA multiple to 9x from 9.5x, based on marginally higher WAC...
Buy Birla Corporation Ltd For Target Rs.1,675 - Emkay Global
Buy Birla Corporation Ltd For Target Rs.1,675 - Emkay Global
Source: Emkay Global Financial Services Ltd
5/03/2022 12:02:15 PM
Birla Corporation spurts on the BSE Birla Corporation is currently trading at Rs. 1127.30, up by 33.35 points or 3.05% from its previous closing of Rs 1093.95 on the BSE. The scrip opened at Rs. 1085.00 and has touched a high and low of Rs. 1123.40 and Rs. 1052.15 respectively. So far 3258 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1649.00 on 09-Nov-2021 and a 52 week low of Rs. 753.55 on 19-Mar-2021. Last one week high and low of the scrip ...
Birla Corporation spurts on the BSE
Birla Corporation spurts on the BSE
Source: Accord Fintech
24/02/2022 12:29:23 PM
Buy Birla Corporation Ltd For Target Rs.1,830 - Yes Securities In‐line with Industry; Muted Demand & Inflated Cost dampened the Profitability Result Highlights * Over higher base and muted demand due to unseasonal rains, labour & sand shortage had impacted the volume by 6% y/y (+2% q/q) to 3.35MT (in‐line with YSEC est.) in 3QFY22.   * The blended NSR remain flat sequentially to Rs5,224/te (+4% y/y) aided the reported revenue to Rs17.5bn (in line with YSEC est.)  up by +3% q/q (‐2% y/y) in 3QFY22. * EBITDA decline ...
Buy Birla Corporation Ltd For Target Rs.1,830 - Yes Securities
Buy Birla Corporation Ltd For Target Rs.1,830 - Yes Securities
Source: Yes Securities Ltd
7/02/2022 9:58:19 AM
Buy Birla Corporation Ltd For Target Rs 1,835 - Motilal Oswal Higher opex hurts; capacity expansion to aid growth Higher energy costs impact profitability * Birla Corporation (BCORP)’s 2QFY22 result highlights the impact of energy cost inflation, as variable cost of production increased 14% QoQ. The EBITDA margin declined 7.4pp YoY to 15.7% and EBITDA/t 30% YoY to INR817/t. Volumes remained flat YoY at 3.27mt v/s the est. of 3.39mt. * The ongoing 3.9mtpa greenfield expansion at Mukutban (to be commissioned in 4QFY22) provides volume ...
Buy Birla Corporation Ltd For Target Rs 1,835 - Motilal Oswal
Buy Birla Corporation Ltd For Target Rs 1,835 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/12/2021 12:43:51 PM
Buy Birla Corporation Ltd For Target Rs.1,825 - Emkay Global In-line quarter; long-term growth trajectory intact * Birla Corporation’s (BCORP) consolidated EBITDA of Rs2.7bn (declined 30% YoY/22% QoQ) was broadly in line with consensus estimates. * BCORP expects a 30% increase in capacity to 20mt by early FY23. Besides, its aim to achieve a 30mt capacity by FY27E should dispel concerns about long-term growth, in our view. * We believe strong cash-flow generation is likely to deleverage the balance sheet, while the upcoming expansion is u...
Buy Birla Corporation Ltd For Target Rs.1,825 - Emkay Global
Buy Birla Corporation Ltd For Target Rs.1,825 - Emkay Global
Source: Emkay Global Financial Services Ltd
16/11/2021 9:48:23 AM
Buy Birla Corporation Ltd For Target Rs.1830 - Yes Securities Healthy realization uphold performance Our view Slower capacity addition aided higher capacity utilization of +90% for BCORP while that restricted production headroom over time. To strengthen the capacity/market share, BCORP plans to take total capacity to 30MTPA by FY27E, while currently BCORP is in process of commissioning new 5.1MTPA capacities (Kundanganj 1.2MTPA GU and Mukutban 3.9MTPA IU) that would drive volume growth of +13/15/9% y/y in FY22/23/24E. The subsequent price hikes wi...
Buy Birla Corporation Ltd For Target Rs.1830 - Yes Securities
Buy Birla Corporation Ltd For Target Rs.1830 - Yes Securities
Source: Yes Securities Ltd
11/11/2021 9:55:06 AM
Investment Idea : Buy Birla Corporation Ltd For Target Rs.1,696 - Motilal Oswal Expansion plans provide growth visibility Birla Corporation (BCORP), the flagship company of M.P. Birla Group, primarily manufactures cement (its core business activity). It has a presence in the Jute industry as well and generates ~5% of its revenues from this segment.   Capacity expansion provides strong volume growth visibility: BCORP targets expanding grinding capacities to 30mtpa by 2027 vs. current capacity of 15.6mtpa. The capacity will get increased to 19.5mtpa after ...
Investment Idea : Buy Birla Corporation Ltd For Target Rs.1,696 - Motilal Oswal
Investment Idea : Buy Birla Corporation Ltd For Target Rs.1,696 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/10/2021 10:57:56 AM
Buy Birla Corporation Ltd For Target Rs.1,650 - ICICI Direct Operating at healthy asset utilisation… About the stock: Birla Corporation, the flagship company of the MP Birla Group, has 10 cement plants with total capacity of 15.6 MT. The company mainly operates in Central, North and East regions. Apart from cement, it also has a jute division. * Cement is the largest contributor to revenue (over 90%) with the remaining coming from jute and other products * It has mineral concessions in Madhya Pradesh, Maharashtra and Himachal Pradesh fo...
Buy Birla Corporation Ltd For Target Rs.1,650 - ICICI Direct
Buy Birla Corporation Ltd For Target Rs.1,650 - ICICI Direct
Source: ICICI Direct
4/10/2021 9:54:53 AM
Buy Birla Corporation Ltd For Target Rs.1,740 - Motilal Oswal Expansion plans provide growth visibility Reiterate Buy on attractive valuation * BCORP’s 1QFY22 result was in line, with EBITDA growing by 47% YoY to INR3.4b, led by 39% growth in volume and EBITDA/t at INR1,026 (+6% YoY). * The ongoing 3.9mtpa greenfield expansion at Mukutban (to be commissioned in 4QFY22) provides strong volume growth visibility in FY23. * We expect a 14% EBITDA CAGR in FY21-23E, led by 14% volume CAGR, as it expands capacity by ~30% over the next 12 mont...
Buy Birla Corporation Ltd For Target Rs.1,740 - Motilal Oswal
Buy Birla Corporation Ltd For Target Rs.1,740 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/09/2021 10:47:55 AM
Buy Birla Corporation Ltd For Target Rs. 1,830 - Yes Securities Our view and valuation: * Birla Corp during the quarter delivered volume growth of 38.4% y/y to 3.35MT which was 18% higher than our estimates. Accordingly, capacity utilization for the company during the quarter stood at 90% (Q1FY21‐ 58% utilization). However, EBITDA was 14.2% above our estimates at Rs3.44bn which was up 47.4% y/y. Blended EBITDA/te came in at Rs1026 (cement EBITDA/te  ‐Rs1001) which declined by 6.5% y/y and was in‐line with our estimates. * Company’s 4...
Buy Birla Corporation Ltd For Target Rs. 1,830 - Yes Securities
Buy Birla Corporation Ltd For Target Rs. 1,830 - Yes Securities
Source: Yes Securities
9/08/2021 9:26:54 AM
Buy Birla Corporation Ltd For Target Rs.1,330 - Motilal Oswal Expansion plans provide growth visibility Reiterate Buy on attractive valuations * Birla Corporation (BCORP)’s 4QFY21 result was in line, with EBITDA growing 14% YoY to INR3.9b, led by 24% growth in volumes. However, EBITDA/t at INR940 (-9% YoY) came in below our estimate, weighed by higher raw material and freight cost. * Ongoing expansion at the 3.9mtpa greenfield integrated plant at Mukutban was delayed by a quarter, to the end of 3QFY22, due to the pandemic. * We broadly...
Buy Birla Corporation Ltd For Target Rs.1,330 - Motilal Oswal
Buy Birla Corporation Ltd For Target Rs.1,330 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/06/2021 9:56:26 AM
Buy Birla Corporation Ltd For Target Rs. 1,480 - Yes Securities Our View: * Birla Corp during the quarter delivered volume growth of 24.5% y/y to 4.17 MT which was 6.5% higher than our estimates and in‐line with industry trends. Accordingly, capacity utilization for the company during the quarter stood at 108%. However, EBITDA was broadly in‐line with our estimates at Rs 3.92 bn which was up 14% y/y. Blended EBITDA/te came in at Rs 940 which declined by 8.6% y/y and 7.5% lower than our estimates due to higher than expected clinker cost.   ...
Buy Birla Corporation Ltd For Target Rs. 1,480 - Yes Securities
Buy Birla Corporation Ltd For Target Rs. 1,480 - Yes Securities
Source: Yes Securities Ltd
14/05/2021 11:29:13 AM
Key News - Happiest Minds Technologies Ltd, Oil and Natural Gas Corporation, Lupin Ltd, Asian Paints Ltd, Birla Corporation Ltd by ARETE Securities Key News Happiest Minds Tech' Q4 consolidated net profit zooms to Rs 36 cr IT firm Happiest Minds Technologies Ltd has reported a manifold growth in consolidated net profit at Rs 36.05 crore in the March 2021 quarter. The company, which got listed on BSE and NSE last year, had posted a net profit of Rs 5.30 crore in the year-ago period. Its revenue was at Rs 220.71 crore in the quarter under review, up 18.4 per cent from Rs 186.35 crore in the year-ago period, a regulatory filing sa...
Key News - Happiest Minds Technologies Ltd, Oil and Natural Gas Corporation, Lupin Ltd, Asian Paints Ltd, Birla Corporation Ltd by ARETE Securities
Key News - Happiest Minds Technologies Ltd, Oil and Natural Gas Corporation, Lupin Ltd, Asian Paints Ltd, Birla Corporation Ltd by ARETE Securities
Source: ARETE Securities Ltd
14/05/2021 9:05:12 AM
Birla Corporation Lt Q4 net profit zooms 149.55% at Rs 228.01 cr The company reported standalone net profit of Rs 228.01 crore for the quarter ended March 31, 2021 as compared to Rs 91.37 crore in the same period last year, registering a year-on-year growth of 149.55 per cent. Net revenue of the company rose substantially by 21.57 per cent at Rs 1,391.99 crore in January-March quarter of this fiscal as against Rs 1,144.97 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 23.43 per cent to Rs 1,203...
Birla Corporation Lt Q4 net profit zooms 149.55% at Rs 228.01 cr
Birla Corporation Lt Q4 net profit zooms 149.55% at Rs 228.01 cr
Source: Dion Global Solutions Ltd
13/05/2021 12:14:43 PM
Birla Corporation Ltd : Capacity expansion to boost growth; maintain buy - Emkay Global Capacity expansion to boost growth; maintain buy * BCORP benefitted from higher sales volume and lower opex, which led to a 23% rise in EBITDA and 3.2pp improvement in OPM. Adjusted EBITDA stood at Rs3.6bn. OPM at 20.4% was in line with our estimate. Capacity utilization of its plants rose 4pp yoy to 92%. * Key positives: 1) 29% yoy sales growth in premium products; 2) one of the best capacity utilization in the industry; 3) Rs730mn reduction in gross debt in 9MFY21 despite Rs7.3bn add...
Birla Corporation Ltd : Capacity expansion to boost growth; maintain buy - Emkay Global
Birla Corporation Ltd : Capacity expansion to boost growth; maintain buy - Emkay Global
Source: Emkay Global Financial Services Ltd
26/01/2021 10:33:19 AM
Buy Birla Corporation Ltd For Target Rs.1,180 - Yes Securities Key Result and Presentation highlights * Birla Corp delivered volume growth of 3.2% y/y for Q3FY21 – at 3.55 MT vs our est. of 3.53 MT. Capacity utilization for the company stood amongst the highest in the industry at 92% during the quarter. Premium segment sales continue to be on the rise – at 53% of trade channel sales vs 41% in Q3FY20. * Net sales realization/te stood at Rs 5,005 (+0.4% y/y and ‐1.4% q/q) vs our est. of Rs 5,004.   * Net sales for the qu...
Buy Birla Corporation Ltd For Target Rs.1,180 - Yes Securities
Buy Birla Corporation Ltd For Target Rs.1,180 - Yes Securities
Source: Yes Securities Ltd
25/01/2021 10:20:13 AM