Name: Latest research reports of Siyaram Silk Mills Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Siyaram Silk Mills Ltd.
Rating: 5
Author: ICICI Securities Limited

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

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ICICI Securities Limited

EBITDA margins for the quarter improved significantly by 270 bps YoY to 16.4% (highest ever EBITDA margins), mainly on account of positive operating leverage (processing charges and other expense down 40 bps and 252 bps YoY, respectively). Subsequently, absolute EBITDA increased 35.0% YoY | 98 crore Higher depreciation (up 32% YoY to | 15.5 crore) and interest cost (up 153% YoY to | 12.2 crore), coupled with one-time exceptional...