advises users to check with certified experts before taking any investment decisions. We revise our target price at INR 343 by assigning a PE multiple of 22.0x to FY25E EPS (previous TP: INR 376) and rolling over our estimate from FY24E to FY25E while maintaining our ‘BUY’ recommendation (upside 36.1%).įor all recommendations report, click hereĭisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. With in-depth market coverage, analysis, expert opinions and a gamut of financial tools, has been the premier destination for consumers and market watchers. QoQ decline in the profit is mainly attributable to higher depreciation.ĮPS stood at INR 0.91 in Q4FY23 compared to INR 2.18 in Q4FY22 and INR 1.02 in Q3FY23. For the quarter, the net profit declined by -57.8% YoY and -11.0% QoQ to INR 243 mn, Net profit margin reported at 3.3% ( -322 bps YoY, -86 bps QoQ). The increase in power and fuel expenses, which was brought on by the sharp rise in coal prices had an impact on the EBITDA. EBITDA margin stood at 8.3%(-1bps YoY,-9bps QoQ) EBITDA for FY23 stood at INR 2445 mn, saw a decline of 33.4% from FY22. 29 a financial portal on Indian financial markets. EBITDA for the quarter is reported at INR 607 mn (-16.7% YoY/10.8% QoQ). I looked at movements global and emerging stock indices like Dow Jones. YoY growth impacted mainly due to lower realization. Track the latest updates on Indian and Global financial markets on your smartphone with the Moneycontrol App. Besides, the Singapore Exchange (SGX) Nifty an early indicator of the Nifty 50 index is down by 0.3 per cent in the morning session today. Moneycontrol App is Asias 1 App for Business & Finance. Increase in volume led to growth in the revenue. The Indian benchmark indices Nifty50 and Sensex are expected to open in the red on Thursday tracking weak global cues after the US Fed announced another rate hike of 25 basis points. Laxmi Organic Industries Ltd (LOIL) reported a revenue of INR 7332 mn (-16.7%YoY/+ 12%QoQ). KR Choksey's research report on Laxmi Organic Industries
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