BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Shree Cement Ltd.'s volume improved by 5% sequentially however, due to the higher base and demand slowdown (unseasonal rains, labour and sand shortage) led the volume declined by 8% YoY to 6.6 million tonne (our estimate: 6.9 million tonne) in Q3 FY22.
While the healthy blended net sales realisation stood at Rs 5,370/tonne (up 6% QoQ and up 16% YoY) aided the reported revenue to Rs 35.5 billion (in- line with our estimate) up by 11% QoQ and up 7% YoY in Q3 FY22.
Shree Cement's Ebitda decline by 8% QoQ and 24% YoY to Rs 8.3 billion versus our estimate Rs 10.1 billion in Q3 FY22 because of increase in opex/tonne by 13% QoQ and 33% YoY to Rs 4,122/tonne versus our estimate of Rs 3,702/tonne in Q3 FY22.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
POPULAR