Q2 had 30cr of one-offs - 20cr of forex impact and 10cr of CSR. Were it not for these, EBITDA would have been 100cr so I think Q3 should safely be 100cr + benefit from drop in costs. And there’s the 70cr inflow - 20cr for UCL and 50cr from the arbitration matter.
Meanwhile prices have held up fairly well and near-term outlook looks promising with China reopening.
Disc: Invested
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