Q1FY22 Result Update - Tata Metaliks - ICICI Direct

TML reported a healthy operational performance in Q1FY22 wherein it reported its best ever quarterly profits.

- Reported revenue of Rs. 603 crore, up 187% YoY but down 9% QoQ.

- EBITDA was at of Rs. 154 crore (vs. Rs. 143 crore in Q4FY21, Rs. 10 crore in Q1FY21). EBITDA margin was at 25.5%, up 380 bps QoQ, 2060 bps YoY

- Ensuing PAT was at Rs. 95 crore (up 26% QoQ)

Key triggers for future price performance

- The first phase of DI pipe capacity expansion (of ~1 lakh tonne) is likely to be commissioned in Q4FY22. Second phase is likely to be commissioned in Q4FY23 (of ~1 lakh tonne). Post commissioning of both phases, TML would double its DI capacity from 2 lakh tonnes currently to 4 lakh tonnes

- One of the key beneficiaries of Jal Jeevan mission

- In the next few years, TML would reap benefits of capacity expansion, which would result in healthy cash flows for the company

For details, click on the link below: Link to the report

Shares of TATA METALIKS LTD. was last trading in BSE at Rs.1269.9 as compared to the previous close of Rs. 1268.3. The total number of shares traded during the day was 34373 in over 2163 trades.

The stock hit an intraday high of Rs. 1290.05 and intraday low of 1251. The net turnover during the day was Rs. 43469663.

Source : Equity Bulls

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