India Strategy, Top Picks, Q1 FY22 Earnings Review – Triggers Abound For Treasure Hunt: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Q1 FY22 has seen 1.7% beat on aggregate sales and 3% on Ebitda, profit after tax growth has been lower than estimates by 5.1%.

Demand was strong in first half of April, followed by Covid-19 impact till May end and gradual recovery from June.

Aggregate revenues grew 57.5%, Ebitda grew 56.9% and profit after tax grew 128%.

Numbers optically look strong due to low base of Q1 FY21.

Maximum beat from estimates was recorded in metals, cement, infra and travel and tourism.

1Q FY22/FY20 sales, Ebitda and profit after tax grew by 5.9%, 25.2% and 29.6%.

Metals, cement, agri, IT and pharma reported 20-35% sales growth. Aviation, Education, Media and Travel remained impacted with 46-67% lower sales than Q1 FY20.

Click on the attachment to read the full report:

Prabhudas Lilladher IndiaStrategy-Q1FY22 Review.pdf


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 author entity 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.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button