Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Sarda Energy
Sarda Energy reported its 2QFY2012 results. Net sales grew by 25.5% yoy
to `251cr, driven by higher revenue from the steel segment. The steel segment’s
revenue grew by 58.8% yoy to `157cr, while the ferro alloys segment’s revenue
declined by 13.1% yoy to `89cr. The company’s EBITDA increased by 118.9% yoy
to `35cr due to strong profitability performance by the steel segment. The steel
segment’s EBIT increased by 556.2% yoy to `24cr, which was partially offset by the
decrease in the ferro alloy segment’s EBIT, which declined by 25.4% yoy to `10cr.
The company reported net loss of `10cr, mainly on account of exceptional items
primarily related to forex losses. The company reported exceptional items of `33cr
during the quarter. Excluding these exceptional items, the company's adjusted PAT
stood at `23cr compared to `1cr in 2QFY2011. We maintain our Buy rating on
the stock; our target price is under review.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Sarda Energy
Sarda Energy reported its 2QFY2012 results. Net sales grew by 25.5% yoy
to `251cr, driven by higher revenue from the steel segment. The steel segment’s
revenue grew by 58.8% yoy to `157cr, while the ferro alloys segment’s revenue
declined by 13.1% yoy to `89cr. The company’s EBITDA increased by 118.9% yoy
to `35cr due to strong profitability performance by the steel segment. The steel
segment’s EBIT increased by 556.2% yoy to `24cr, which was partially offset by the
decrease in the ferro alloy segment’s EBIT, which declined by 25.4% yoy to `10cr.
The company reported net loss of `10cr, mainly on account of exceptional items
primarily related to forex losses. The company reported exceptional items of `33cr
during the quarter. Excluding these exceptional items, the company's adjusted PAT
stood at `23cr compared to `1cr in 2QFY2011. We maintain our Buy rating on
the stock; our target price is under review.
No comments:
Post a Comment