BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Vesuvius India Ltd. reported revenues at Rs 348.4 crore, grew by 34.5% YoY aided by better demand in steel, cement, which consume more than 80% of refractories products. And marginally de-grew by 1.3% on QoQ basis.
For CY22 total revenue came at Rs 1342.6 crore grew by 28.2%.
Ebitda came at Rs 39.5 crore, grew by 96% YoY with Ebitda margins expanded by 356 basis points YoY to 11.3% and contracted by 282 bps on QoQ.
For CY22 Ebitda came at Rs 163.9 and grew by 65.1% with 12.2% margins as against 9.5% in CY21. Gross margins contracted by 160 bps to ~39.4% on YoY basis and 70 bps on QoQ basis.
Vesuvius India reported profit after tax at Rs 27.6 crore, grew by 110.4% YoY, amid good operational performance.
Vesuvius India recommended dividend for CY22 of Rs 8.25 per share (Rs 7.25 in CY21) with face value of Rs 10.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
