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Axis Securities Report
Orient Cement Ltd. reported revenue growth of 2% in Q3 FY22 owing to higher realisation. However, the company's Ebitda/adjusted profit after tax posted a de-growth of 14%/19% on account of elevated costs.
The company reported a volume of 1.22 million tonnes per annum, down 10% YoY as it did not resort to selling cement at unremunerative prices and maintained price discipline.
Orient Cement reported a realisation of Rs 5,070/tonne (Rs 4,446/tonne in Q3 FY21), posting robust realisation growth of 14% YoY. The realisation was also up 6% on a QoQ basis.
The company reported Ebitda margins of 19% (22.7% Q3 FY21), down 370 bps. The Ebitda/tonne of Rs 965 was lower by 4% YoY and 8% QoQ owing to higher cost of power and fuel costs and other expenses.
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