BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
MM Forgings Ltd.'s Q2 FY21 result was ahead of our estimates on all parameters.
Ebitda margin for the quarter stood at 17% versus our estimates of 15.4% on account of higher contribution from export market and lower operating expenses.
Currently revenue contribution from export market for the company is approximately 52% whereas North Amercia/Europe contributes approximately 20%/22% respectively.
We believe North America /European market hit hard due to Covid-19 and recently announced lockdown in European countries and possible lockdown in U.S. region would impact H2 FY21 numbers.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
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.
