Fundamental performance in Q3 was broadly in-line with 1% q-o-q revenue growth (CC), 20bps Ebit margin expansion and net-new deal intake normalising to a typical quarterly run rate of $580 mn from $280 mn in Q2.
With growth momentum in pipes segment to continue and adhesives likely to start growing in double digits post Q3FY20, we expect ASTRA to report revenue and PAT CAGR of 20.8% and 43.8%, respectively, over FY19-FY21.
We estimate our building material coverage universe to report an aggregate revenue/Ebitda/PAT growth of 4.2%/13.8%/25% y-o-y, respectively, (ex-PIDI: 3.9%/9.1%/11.7% y-o-y), in Q3 with plumbing pipes likely to sustain their o
The Indian real estate sector has undergone multiple rounds of disruption over CY17-19, beginning with the demonetisation impact, followed by RERA and GST implementation, change in accounting to project completion under IND-A
E-com to be next growth driver for Indian FMCG: Rising middle class population, lack of strong distribution network in smaller cities/villages and significantly overcrowded condition of cities is resulting in the ever-increas
Q2FY20 standalone and consolidated EPS is down 83-93% YoY hit by inventory loss of Rs 11.8 bn compared to a gain of Rs 44.1 bn last year, 50% YoY fall in petrochemical Ebitda and 81% YoY fall in GRM to $1.28/bbl.