Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>4QFY22 revenue grew by 47.3% YoY due to the 55.7% increase in COGS caused by the YoY increase in term gas price following the 62% YoY jump in Brent crude oil price.</li></ul><div><div><div><div><ul><li>4QFY22 capacity utilisation: Dahej utilisation stood at 79.4% vs 91% in 4QFY21. Kochi utilisation stood at 20% vs 23% a year ago.</li></ul><div><div><div><div><ul><li>BITDA margin reflected a miss of 231bps at 10.47% while EBITDA came in 9.9% below our estimate and a 9.6% miss vs street estimate.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><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>

4QFY22 revenue grew by 47.3% YoY due to the 55.7% increase in COGS caused by the YoY increase in term gas price following the 62% YoY jump in Brent crude oil price.4QFY22 capacity utilisation: Dahej utilisation stood at 79.4% vs 91% in 4QFY21. Kochi utilisation stood at 20% vs 23% a year ago.BITDA margin reflected a miss of 231bps at 10.47% while EBITDA came in 9.9% below our estimate and a 9.6% miss vs street estimate.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.

Petronet LNG - Kochi Tariff-Cut Hits Earnings