NEWS

 JSW Steel Result Update JSW Steel’s (JSTL) 3QFY23 EBITDA and Margins were lower than our estimate, due to higher-than-anticipated input cost pressure. Moreover, realisations also plunged by 13% YoY and 4% QoQ to Rs62,495/tonne, broadly in line with our estimate of Rs62,172/tonne. Sales volume stood at 4.95mn tonnes (up 24% YoY/down 1% QoQ), 2.3% higher … Read more

 LTIMindtree Result Update LTIMindtree (LTIM) revenue stood at US$1.1bn, broadly in line with our estimate of US$1.04bn during the first quarter reporting financial of merged entity. It delivered 1.9% QoQ constant currency growth, below our estimate of 2.9% QoQ. However, EBIT margin came in at 13.9% (down 362bps QoQ /down 464bps YoY), 187bps below our estimate … Read more