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Quarterly Preview : Awaiting fresh orders in the road segment by Elara Securities India Awaiting fresh orders in the road segment Muted road awarding; buildings, hydrocarbons, railways better off  The Ministry of Road Transport and Highways (MORTH) awarding was down 48% YoY to 2,595km until October 2023 vs FY24 target of 12,500km and construction was up 10% YoY to 5,248km (~22km/day). The National Highways Authority of India (NHAI) new project awarding also was lackluster YTD. Within our coverage universe, road infrastructure-focused companies saw low-value order...
Quarterly Preview : Awaiting fresh orders in the road segment by Elara Securities India
Quarterly Preview : Awaiting fresh orders in the road segment by Elara Securities India
Source: Elara Securities India
2024-01-09 11:05:43 am
Quarterly Preview : Healthy domestic volume growth by Elara Securities India Healthy domestic volume growth Domestic growth favourable vs International and EXIM B2C Ecommerce festive related volume growth expected to continue in mid teens led by sale period by platform while growth of D2C brands continues to be faster. Pricing remains competitive as companies pass on gains of economies of scale to customers. In B2B/PTL segment, expect growth to continue to be healthy despite lesser number of working days due to festivals. Shift from unorganised to organised sect...
Quarterly Preview : Healthy domestic volume growth by Elara Securities India
Quarterly Preview : Healthy domestic volume growth by Elara Securities India
Source: Elara Securities India
2024-01-09 11:03:55 am
Quarterly Preview : Cement - Margin at a two-year high By Elara Securities India Margin at a two-year high Triple-digit PAT growth for the second consecutive quarter We expect volume growth for our cement coverage universe to moderate in Q3FY24. Despite this, cement firms are expected to show robust YoY improvement in profitability for the second consecutive quarter, primarily aided by healthy realization and benign operating cost. We expect revenue to improve by ~8% YoY and ~6% QoQ. Further, EBITDA is likely to surge ~54% YoY and ~26% QoQ whereas PAT should ju...
Quarterly Preview : Cement - Margin at a two-year high By Elara Securities India
Quarterly Preview : Cement - Margin at a two-year high By Elara Securities India
Source: Elara Securities India
2024-01-09 10:43:50 am