External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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

<div><div><div><ul><li>Q4FY22 performance: UTCEM’s revenue and EBITDA came in line with ours and street estimates.</li></ul><div><div><ul><li>FY22 performance: During FY22, volume rose 9% YoY on a low base.</li></ul><div><div><div><ul><li>Outlook and Capex updates: UTCEM noted that they have been able to take price hikes in April to pass on the fuel cost spike and if cement and fuel prices were to hold at current levels, its Q1FY23 margin would remain flattish QoQ.</li></ul></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>

Q4FY22 performance: UTCEM’s revenue and EBITDA came in line with ours and street estimates.FY22 performance: During FY22, volume rose 9% YoY on a low base.Outlook and Capex updates: UTCEM noted that they have been able to take price hikes in April to pass on the fuel cost spike and if cement and fuel prices were to hold at current levels, its Q1FY23 margin would remain flattish QoQ.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.

UltraTech Cement - Op-Lev Gains Boost Margin QoQ

Ultratech Cement

UltraTech Cement - Op-Lev Gains Boost Margin QoQ