Building Materials (Q2FY25 Results Preview): Muted Demand Compresses Margins
In Q2FY25, our coverage universe’s revenue is expected to grow by 4% YoY (volume-driven). Pipes demand has weakened in Q2. Pipes channel inventory...
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Prince Pipes and Fittings: Resin Price Volatilty to Drag Q2 Performance. Maintain ADD
We recently met with the Prince Pipes’ management. The management noted that industry demand has been subdued and decreasing resin prices is...
371 Views
HSIE Results Daily: State Bank of India, Thermax, Aptus Value Housing Finance India
State Bank of India: SBIN’s earnings were in line with estimates with healthy loan growth (~16% YoY) and stable NIMs, offset by soft deposit growth...
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Building Materials (Q1FY25 Results Preview): Sectoral Dynamics Remain Unchanged
In Q1FY25, our coverage universe’s revenue is expected to grow by 13% YoY (volume-driven). Like earlier quarters, volume growth remains healthy in...
440 Views
Building Materials (Q3FY24 Results Preview): No Sign of Demand Revival, Stable Margins
In Q3FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 8/31/43% YoY respectively. Revenue growth is muted owing to sub-par...
248 Views