External broker reports(aggregated public sources), Sharekhan

Sharekhan

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Q2FY25 Revenue/EBITDA of Rs. 292 crore/Rs. 79 crore fell 16%/18% y-o-y and was lagging our estimates as the decline in sales volume (down 18% y-o-y and 34% q-o-q) affected the performance.</li><li>Realization of Rs. 9,121/tonne was flat y-o-y and down 34% q-o-q. Blended margin of Rs. 2,657/tonne was flat y-o-y and down 44% q-o-q. MOIL has taken 3-4 price cuts recently because of the weak pricing outlook of the sector currently.</li><li>Outlook We downgrade the stock to Hold with a revised PT of Rs. 330 given the uncertainty regarding the pricing environment. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Q2FY25 Revenue/EBITDA of Rs. 292 crore/Rs. 79 crore fell 16%/18% y-o-y and was lagging our estimates as the decline in sales volume (down 18% y-o-y and 34% q-o-q) affected the performance.Realization of Rs. 9,121/tonne was flat y-o-y and down 34% q-o-q. Blended margin of Rs. 2,657/tonne was flat y-o-y and down 44% q-o-q. MOIL has taken 3-4 price cuts recently because of the weak pricing outlook of the sector currently.Outlook We downgrade the stock to Hold with a revised PT of Rs. 330 given the uncertainty regarding the pricing environment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Moil Ltd

MOIL Ltd - Weak Q2; Downgrade to Hold