External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

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External broker reports(aggregated public sources)

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Astral Ltd (ASTRAL) reported a healthy set of numbers for Q3FY22 in both pipes and adhesives, despite the inflation in raw material prices</li><li>Consol. revenue/EBITDA/PAT grew 22.4%/2.9%/3.2% YoY, respectively, in-line with our estimates of 20%/0.6%/1.6% YoY</li><li>Revenue for Q3FY22 came in at INR1099cr, led by the healthy performance of the pipes business(up ~24% YoY).</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Astral Ltd (ASTRAL) reported a healthy set of numbers for Q3FY22 in both pipes and adhesives, despite the inflation in raw material pricesConsol. revenue/EBITDA/PAT grew 22.4%/2.9%/3.2% YoY, respectively, in-line with our estimates of 20%/0.6%/1.6% YoYRevenue for Q3FY22 came in at INR1099cr, led by the healthy performance of the pipes business(up ~24% YoY).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astral Ltd: Robust Performance with Market Share Gain Continues