Hariom Pipe Results update:
-Revenue growth of 146% n QoQ fall
-EBITDA growth of 86% n QoQ fall
-PAT fallen QoQ n YoY led by dep & int exp
-Lack of disclosure in press release, what I believe industry weak demand + South flood had led the impact on operations
-Management released a simple press release compared to the last one which was detailed…
-Poor results were already backed in price as suggested by fall of 20% from ATH
-Behind the words guidance is given of 80-85% growth in FY24 over FY23
Q4E Sales: 360-375 cr
Q4E PAT: 15-17 cr
-Warrants money allotted can take care of Q4 WC requirements
-CF needs to be improved to have some impact on PAT & Free cash flows… if not happens then growth guidance (2500 cr revenue Target in FY26) will turn out to be a hindsight
-My honest review
No Reco
Disc: Invested
Subscribe To Our Free Newsletter |