External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

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.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

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>Jindal Stainless (JDSL) reported weak but in-line standalone operating performance in Q2FY25. EBITDA/t at Rs17,833 was tad lower than PLe on product mix deterioration due to lower exports.</li><li>Export volumes declined 20% YoY amidst global headwinds and weak demand in Europe &amp; the US.</li><li>The management has lowered the volume guidance for FY25 to 10-15% from ~20% earlier citing global challenges.</li></ul><p><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></p>

Jindal Stainless (JDSL) reported weak but in-line standalone operating performance in Q2FY25. EBITDA/t at Rs17,833 was tad lower than PLe on product mix deterioration due to lower exports.Export volumes declined 20% YoY amidst global headwinds and weak demand in Europe &amp; the US.The management has lowered the volume guidance for FY25 to 10-15% from ~20% earlier citing global challenges.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.

Jindal Stainless - Near-Term Headwinds for Volume Growth