Building Materials: Mixed signals across different segments
Tiles exports continue to be strong since Nov 2023 at ~INR 14-15bn monthly run-rate. Laminates export volume was weak (-13% YoY/ flat MoM)
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HSIE Results Daily: Maruti Suzuki, SBI Cards and Payment Services
Maruti Suzuki: Maruti’s Q3 PAT, at INR 23.5bn, came in above our estimate of INR 18bn, led by better-than-expected ASP and higher other income
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Building Materials: Multiple tailwinds for a cheerful new year!
This report covers 15 major building material companies within the three categories of wood panel, tiles, and plastic pipes
551 Views
Aequitas: Leap India Ltd IPO- RHP Updates, Peer Comp and Thoughts on Valuation
LEAP India Limited (Leap) is looking to raise about US$260m in its India IPO through a combination of fresh issue and Offer for sale (OFS).
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HSIE Results Daily: Larsen & Toubro, Tata Power, Supreme Industries
Larsen & Toubro: Larsen & Toubro (LT) reported strong performance in Q2FY23, with revenue/EBITDA/PAT beating our estimates by 7/11/21% respectively
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