External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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>UTCEM reported consol. EBITDA of INR18.7b v/s estimated INR16.8b and EBITDA/t of INR808 v/s estimated INR723, driven by higher ‘other operating income’ (up INR65/t QoQ).</li><li>Profit was at INR7.6b v/s estimated INR5.9b. The management expects demand to recover post the festive season.</li><li>Though energy cost has peaked out in 2Q, petcoke price remains volatile and has increased to USD205/t, after declining to USD165-170/t in Aug/Sep’22.</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>

UTCEM reported consol. EBITDA of INR18.7b v/s estimated INR16.8b and EBITDA/t of INR808 v/s estimated INR723, driven by higher ‘other operating income’ (up INR65/t QoQ).Profit was at INR7.6b v/s estimated INR5.9b. The management expects demand to recover post the festive season.Though energy cost has peaked out in 2Q, petcoke price remains volatile and has increased to USD205/t, after declining to USD165-170/t in Aug/Sep’22.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 - Soft Quarter; Energy Prices Remain Volatile

Ultratech Cement

UltraTech Cement - Soft Quarter; Energy Prices Remain Volatile