EBITDA seen to be improving, but leverage to remain high
Net debt/EBITDA remains discomforting at 5x
* SAIL’s 1QFY21 result was weak, as expected, with EBIT..
The company reported standalone net loss during the quarter stood at Rs 70.42 crore as compared to net loss of Rs 32.88 crore in the previous year quarter. Net revenue of..
The company reported standalone net loss during the quarter stood at Rs 23.72 crore compared to net profit of Rs 0.36 crore in the previous year quarter. Net revenu..
The company reported standalone net loss during the quarter stood at Rs 76.56 crore as compared to net loss of Rs 39.78 crore in the previous year quarter. Net revenue of..
The company reported standalone net loss during the quarter stood at Rs 17.45 crore as compared to net loss of Rs 15.95 crore in the previous year quarter. Net revenue of..
Aiming Rs150bn of net debt by FY23
Jindal Steel and Power (JSPL) management continues to strive relentlessly on debt reduction. FY21E should see debt reduction of Rs5..
We had initiated coverage on JSW Steel Ltd. with a Buy rating on July 27, 2020 at Rs.205. Since our initiating report, the stock has achieved our target price of Rs.269.
Weathered the storm
We downgrade JSW Steel (JSWS) to HOLD (from Add). The downgrade is an outcome of our framework-based assessment, which does not justify a P/BV of ..
Rising LME and improving demand positive
Beverage Can demand remains resilient, Automotive improving Hindalco (HNDL)’s global peers Constellium, Norsk Hydro, an..
Precious metals should drive volumes
Strong performance; Stable outlook! Reiterate BUY
* Revenue decline (8% YoY) during the quarter was largely led by the Exchange..
Muted steel demand to take toll on EBITDA/tonne….
The announcement of a nationwide lockdown in lieu of Covid-19 adversely impacted domestic steel demand in Q1F..
High other income, silver sales boost earnings
* Robust silver sales, higher other income and resultant low effective tax rate of 18% during the quarter led to better..
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