Ad Blocker Detected
Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.
Motilal Oswal ‘s research report on Nalco
Nalco (NACL) surprised with higher-than-expected EBITDA at INR 1.29b (est.: INR81m), led by cost reduction in the Aluminium business.
However, it was down 33% YoY due to lower prices and volumes. We raise our FY 2021 EBITDA estimate by 67% to factor recovery in LME prices, but maintain FY22 estimates.
Maintain Buy.
