Key takeaway from Presentation-
The pellet realization (3% down QoQ) and sales volume (19% down QoQ) both DOWN QoQ.
But, net sales is UP 16% QoQ, and EBITDA is also UP 16% QoQ.
Implies, majority of sales and profits is right now NOT coming from Pellets.
Prices of other products are pretty stable and strong.
No sharp fall in earnings expected unlike other steel companies.
Company should have 1000 crore cash balance by mid-term results.
From the investor presentation, one can make out the quality of management and their thought process of managing the company.
I find management quality and thought process far better than most other companies.
Big surge in prices today too-
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