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Buy Birla Corporation Ltd For Target Rs.1,425 By Yes Securities Ltd Cost efficiency and regional benefits to lead margin expansion. Reinitiating with BUY Result Synopsis In 2QFY25, BCORP reported a weak set of numbers. Lower volume, coupled with weak realizations, resulted in revenue contraction of approximately 15% YoY and 11% QoQ. Intense seasonal impact dampened the volume by 5% YoY and 9.4% QoQ despite BCORP’s strong presence in demand-rich regions, such as Central India. Realization was down by 10.1% YoY and 1.7% QoQ due to seasonal and pric...
Buy Birla Corporation Ltd For Target Rs.1,425 By Yes Securities Ltd
Buy Birla Corporation Ltd For Target Rs.1,425 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-10 10:18:14 am
Buy Birla Corporation Ltd For Target Rs.1,254 By Choice Broking Ltd Birla Corporation reported consolidated volumes of 3.97mnt for Q2FY25, reflecting a decline of 5.0% YoY and 9.4% QoQ. The drop in sales volume was attributed to disruptions caused by extended monsoon, flood and slow pick-up in government projects. Revenue for the quarter stood at INR19,526mn, marking a decrease of 14.6% YoY and 10.9% QoQ. The company achieved a utilization rate of 78% for Q2FY25, compared with the 83% in Q2FY24. EBITDA/t for the quarter stood at INR446/t, down 35.5% YoY and 2...
Buy Birla Corporation Ltd For Target Rs.1,254 By Choice Broking Ltd
Buy Birla Corporation Ltd For Target Rs.1,254 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-09 11:16:43 am
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd * Outlook: Cement demand in Q2FY25 is expected to be impacted by the monsoon. The company will continue to improve operations at the Mukutban facility, with a focus on the Maharashtra market to leverage tax incentives. The strategy is to increase market share for premium products in Maharashtra, Gujarat, and Rajasthan, where there is significant growth potential. Additionally, management anticipates growth in line with the industry's overall expansion. We expect Revenue/EBITDA to grow at ...
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-09-02 05:39:09 pm
Birla Corporation surges on raising Rs 50 crore via commercial paper Birla Corporation is currently trading at Rs. 1307.40, up by 24.70 points or 1.93% from its previous closing of Rs. 1282.70 on the BSE. The scrip opened at Rs. 1284.35 and has touched a high and low of Rs. 1308.70 and Rs. 1279.55 respectively. So far 6073 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1801.25 on 27-Feb-2024 and a 52 week low of Rs. 1,116.90 on 28-Aug-2023. Last one week high and low of the scr...
Birla Corporation surges on raising Rs 50 crore via commercial paper
Birla Corporation surges on raising Rs 50 crore via commercial paper
Source: Accord Fintech
2024-08-21 01:50:34 pm
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd * Birla Corporation reported consolidated volumes of 4.4mnt for Q1FY25, reflecting a decline of 9.7% QoQ and 0.7% YoY. The drop in sales volume was attributed to disruptions caused by general elections and extreme weather conditions in some of its key markets. Revenue for the quarter amounted to INR21,903mn, marking a decrease of 17.5% QoQ and 9.1% YoY. The company achieved a utilization rate of 91% for Q1FY25, consistent with the 91% recorded in Q1FY24. EBITDA/t for the quarter stood at INR5...
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd
Buy Birla Corporation Ltd For Target Rs.1,480 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-08-19 10:35:42 am
Buy Birla Corporation Ltd. For Target Rs.1,800 - Motilal Oswal Financial Services Higher realization drives earnings beat Volume growth at ~8-9% YoY in FY25E; EBITDA/t to grow ~8-10% YoY * Birla Corporation (BCORP)’s 4QFY24 consol. EBITDA increased 72% YoY to INR4.7b (vs. estimated INR4.0b), while EBITDA/t grew 58% YoY to INR974 (est. INR801). OPM surged 6.6pp YoY to 17.8% (est. ~15.0%) for the quarter. Adj. PAT stood at INR1.9b vs. estimated INR1.4b for 4QFY24. * Mukutban unit’s capacity utilization improved to ~68% in 4QFY24 and ~77% in Mar’24....
Buy Birla Corporation Ltd. For Target Rs.1,800 - Motilal Oswal Financial Services
Buy Birla Corporation Ltd. For Target Rs.1,800 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-15 12:27:07 pm
Buy Birla Corporation Ltd. For Target Rs1,745 By Choice Broking Ltd Birla Corporation consolidated Q4FY24 volumes came at INR4.8mnt, up 15.5% QoQ and 9.2% YoY, leading to INR26,564mn in revenues (in line with our estimates), up 14.9% QoQ and 7.9% YoY. However, Company management is expecting Q1 and Q2 to remain soft on account of election and monsoon season. For the full year FY24 consolidated volume came at INR17.6mnt, up 12.3% YoY. Company reported full year consolidated revenue at INR96,627mn, up 11.3% YoY. Birla Corp had achieved 89% utilization for FY24 ...
Buy Birla Corporation Ltd. For Target Rs1,745 By Choice Broking Ltd
Buy Birla Corporation Ltd. For Target Rs1,745 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-05-08 10:52:40 am
Birla Corporation soars on reporting over 2-fold jump in Q4 consolidated net profit Birla Corporation is currently trading at Rs. 1579.85, up by 20.60 points or 1.32% from its previous closing of Rs. 1559.25 on the BSE. The scrip opened at Rs. 1656.05 and has touched a high and low of Rs. 1678.00 and Rs. 1575.00 respectively. So far 48747 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1801.25 on 27-Feb-2024 and a 52 week low of Rs. 962.40 on 05-May-2023. Last one week high and low of the scri...
Birla Corporation soars on reporting over 2-fold jump in Q4 consolidated net profit
Birla Corporation soars on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
2024-05-06 03:02:36 pm
Birla Corporation shines as its arm gets nod for restructuring of scope of second phase expansion Birla Corporation is currently trading at Rs. 1549.50, up by 57.35 points or 3.84% from its previous closing of Rs. 1492.15 on the BSE. The scrip opened at Rs. 1526.20 and has touched a high and low of Rs. 1570.45 and Rs. 1505.80 respectively. So far 8504 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1801.25 on 27-Feb-2024 and a 52 week low of Rs. 923.50 on 03-May-2023. Last one week high and low of the scrip...
Birla Corporation shines as its arm gets nod for restructuring of scope of second phase expansion
Birla Corporation shines as its arm gets nod for restructuring of scope of second phase expansion
Source: Accord Fintech
2024-05-03 11:53:21 am
Accumulate Birla Corporation Ltd. For Target Rs.1740 By Elara Capital Banking on incentive from Mukutban unit In-line revenue, EBITDA above estimates Birla Corporation (BCORP IN) reported a mixed performance, with in-line revenue but better EBITDA, primarily aided by lower-than-expected operating cost. Thus, EBITDA rose ~162% YoY and ~31% QoQ to ~INR 3.8bn, slightly ahead of our and Consensus estimates of ~INR 3.4bn each. Net sales grew ~15% YoY and 1% QoQ to ~INR 23bn, in line with our estimates of ~INR&n...
Accumulate Birla Corporation Ltd. For Target Rs.1740 By Elara Capital
Accumulate Birla Corporation Ltd. For Target Rs.1740 By Elara Capital
Source: Elara Capital
2024-03-30 12:55:18 pm
Buy Birla Corporation Ltd. For Target Rs.2,000 By Centrum Broking Best rerating candidate in cement space Birla corp (BCORP) reported good set of numbers for 3QFY24 with EBITDA of Rs3.8bn against our expectation of Rs3.3bn driven by lower costs and better than expected realizations. The company reported one of the lowest power & fuel costs in the industry on Rs/kcal basis at Rs1.58/kcal driven by higher domestic coal usage. Additionally, the management has implemented ‘Project Shikhar’ to improve efficiency which has started bearing resul...
Buy Birla Corporation Ltd. For Target Rs.2,000 By Centrum Broking
Buy Birla Corporation Ltd. For Target Rs.2,000 By Centrum Broking
Source: Centrum Broking Ltd
2024-03-26 01:49:52 pm
Buy Birla Corporation Ltd For Target Rs.1700 - Motilal Oswal Financial Services Ltd Navigating growth in a changing market environment Scalinsg up Mukutban plant operation ? Birla Corporation (BCORP) is seeing steady progress in its Mukutban plant operations, with the capacity utilization of the plant reaching ~46% by Sep’23-end. Moreover, there has been continued improvement in Oct’23. Capacity utilization is likely to reach ~65-70% by FY24-end. Variable costs have reduced by ~50% at this plant since its commencement of operations. ? The company is ta...
Buy Birla Corporation Ltd For Target Rs.1700 - Motilal Oswal Financial Services Ltd
Buy Birla Corporation Ltd For Target Rs.1700 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-22 12:07:11 pm
Buy Birla Corporation Ltd For Target Rs.1,530 - Emkay Global Birla Corp’s Q2FY24 consolidated EBITDA increased 3x YoY (down 3% QoQ) to Rs2.9bn, in-line with estimates. Blended EBITDA/ton improved by 2% QoQ to Rs691/ton (Q2FY23: Rs258). Volume growth was strong at 15% YoY to 4.2mt, aided by positive ramp-up in its Mukutban plant (achieved monthly run-rate of 1.5lakh ton; 45% utilization rate). Management has maintained its guidance of 15% YoY volume growth, with EBITDA/ton improvement of more than 75% YoY to Rs850 (incl. other income) in FY24. The...
Buy Birla Corporation Ltd For Target Rs.1,530 - Emkay Global
Buy Birla Corporation Ltd For Target Rs.1,530 - Emkay Global
Source: Emkay Global Financial Services
2023-11-27 05:35:10 pm
Birla Corporation gains as its cement plant gets license to use official API monogram Birla Corporation is currently trading at Rs. 1317.45, up by 5.30 points or 0.40% from its previous closing of Rs. 1312.15 on the BSE. The scrip opened at Rs. 1327.95 and has touched a high and low of Rs. 1327.95 and Rs. 1311.40 respectively. So far 672 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1337.00 on 11-Sep-2023 and a 52 week low of Rs. 843.05 on 27-Feb-2023. Last one week high and low of the scrip s...
Birla Corporation gains as its cement plant gets license to use official API monogram
Birla Corporation gains as its cement plant gets license to use official API monogram
Source: Accord Fintech
2023-11-20 11:00:59 am
Buy Birla Corporation Ltd For Target Rs.1,600 - Centrum Broking Ltd Slow but steady ramp-up of new plant Birla corp (BCORP) reported decent numbers for 2QFY24 but progression towards stated goal of achieving Rs850/mt EBITDA looks challenging. Mukutban plant in Maharashtra operated at 40% utilization after a year of operations and has started delivering better EBITDA numbers. We believe that the ramp-up at Mukutban is slow but the strategy to focus on premium products and maximize sales in Maharashtra is delivering good results. As utilization of Mukutban i...
Buy Birla Corporation Ltd For Target Rs.1,600 - Centrum Broking Ltd
Buy Birla Corporation Ltd For Target Rs.1,600 - Centrum Broking Ltd
Source: Centrum Broking Limited
2023-11-13 01:24:43 pm