Hindalco Industries Ltd - Resilient Q2 with Costs Peaking Out; Maintain BUY
Revenue (up 18% YoY down 3% QoQ) beat was led by Copper and upstream Aluminium divisions on account of better-than-expected volumes.
250 Views
Thermax (TMX IN): Strong Order Book Entails Visibility Amid Margin Pressure
In Q2FY23, Thermax reported 41% revenue growth, while the company’s order book jumped 46%. However, inflationary pressures are expected to impact...
283 Views
Metals & Mining Q2FY23 Results Preview
Steel Q2FY23 Preview – Margins to hit a trough: We expect Steel companies under our coverage to deliver weak Q2FY23 numbers.
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Global Emerging Markets: Reporting Season Summary, 2Q2022
In this quarterly insight, we analyse recent GEM reporting trends with reference to Sales- and EPS growth, size and percentage of positive...
248 Views
Hindalco Industries Ltd - Prudent Capex Amidst Macro Risks; Retain BUY with Lower TP
Hindalco reported a strong set of numbers with consolidated revenue increasing by 38% YoY and 11% QoQ at Rs 55,764 Cr in line with our estimate of...
178 Views