Dalmia Bharat Q3 Results Review - Improvement In Volume Growth Necessary: Dolat Capital

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..Dolat Capital Report.Dalmia Bharat Ltd.'s reported beat on estimates, however realization and EBITDA/tn were in line.Dalmia Bharat posted +7.3% YoY revenue to Rs 36.0 billion (plus 14.3% QoQ) led by plus 8.1% YoY in volume to 6.8mt (plus 10.8% QoQ), which was partially offset by -0.7% YoY in realization/tn to Rs 5,276 (plus 3.2% QoQ). Ebitda plus 20.3%/ plus 33.8% YoY to Rs 7.8 billion/ Rs 2.7 billion led by better operating performance.We expect 12.6%/ 22.7%/ 34.2% revenue/ Ebitda/ APAT compound annual growth rate over FY23- 26E led by 9.6%/ 14.7%/ 14.1% volume growth and -0.8%/ 0.3%/ 0% realization growth in FY24E/ FY25E/ FY26E.We decrease Ebitda estimates for FY24E/ FY25E factoring lower volume growth coupled with lower realization/tonne, however maintain FY26E. We maintain Accumulate with a revised target price of Rs 2,540 based on 12 times FY26E..Click on the attachment to read the full report:.The Mutual Fund Show: How To Gain Exposure To AI Sector.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.

Dalmia Bharat Q3 Results Review - Improvement In Volume Growth Necessary: Dolat Capital

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