Tata Metalik's EBITDA margin declines QoQ, YoY on costly raw materialsTATAMETALI - 687 Change: 17.75 (2.65 %)
News: For Q3FY22, Tata Metalik's topline came in higher both QoQ as well as YoY. However, EBITDA came in lower both QoQ as well as YoY. It reported a topline of Rs.690 crore, up 7% QoQ and 31% YoY. Ensuing EBITDA came in at Rs. 68 crore, down 32% QoQ and 46% YoY. Subsequent PAT for the quarter came in at Rs.36 crore, down 35% QoQ & 52% YoY.
Views: For Q3FY22, Tata Metaliks' EBITDA margin came in at 9.8% , down 564 bps QoQ and 1420 bps YoY. EBITDA margin for Q3FY22 declined both QoQ as well as YoY on the back of higher raw material costs. During Q3FY22, raw material expenses as a percentage of sales came in at 66% vs. 49% in Q3FY21 and 60% in Q2FY22.