Carysil Q4 Results Review - Expect 17% Revenue CAGR; Downgrade To Add: Yes Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Carysil Ltd. reported robust growth of 31% YoY to Rs 1.91 billion (which was largely inline with our estimates) and on sequential basis the topline remained flattish. Gross profit margins came in at multi-quarter high at 59.1% however, Ebitda margins remained stable at 18.1% versus 18%/18.7% in Q4 FY23/Q3 FY24, respectively owing to higher other expenses in Q4 FY24. Hence, absolute Ebitda increased by 31.6%YoY. Quartz sinks volumes came in at 153,000 units reporting a growth of 35.4% YoY and declined marginally by 3% QoQ. Average selling price of Quartz improved by 1%YoY and 12.5%QoQ to Rs 6,755/sink. Consequently, revenue grew by 36.5%YoY and 9% QoQ. Stainless steel sinks volumes grew by 64% YoY and 32%QoQ and ASP declined sharply by 41% YoY and 33% QoQ to Rs 4,478/sink which led to a decline in revenue of 3% YoY and 11% QoQ. Quartz/Stainless steel sink/solid surfaces/others constituted 54%/10%/27%/9% of total revenue as compared to 51%/11%/27%/11% in previous quarter. India (19%of revenue) biz grew by 11% YoY and declined by 8.5% QoQ while overseas (81% of revenue) biz reported a growth of 36.5% YoY and 4% QoQ..Click on the attachment to read the full report:.Page Industries Q4 Results Review - Lackluster Volume Performance; Downgrade To Reduce: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Carysil Q4 Results Review - Expect 17% Revenue CAGR; Downgrade To Add: Yes Securities

Carysil is likely to be one of the biggest beneficiaries of improvement in global demand.

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Carysil Q4 Results Review - Expect 17% Revenue CAGR; Downgrade To Add: Yes Securities

Carysil is likely to be one of the biggest beneficiaries of improvement in global demand.

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