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ICICI Direct Report
Orient Cement Ltd.'s stellar performance in Q4 FY21 was backed by 17.1% YoY jump in sales volumes (1.85 million tonne) along with strong realisations (up 8.5% YoY) in the company's key operating regions.
Asset utilisation also remained healthy at 93%.
In turn, this provided operating leverage benefit leading to sharp margin expansion and robust profitability growth.
Ebitda margin improved 530 basis points YoY, 174 basis points QoQ to 24.4%.
The resultant Ebitda/tonne came in at Rs 1,095/tonne versus Rs 789/tonne last year and Rs 1,005/tonne last quarter.
Profit after tax for the quarter was at Rs 99.9 crore (up 126.6% YoY, 85.4% QoQ).
The company has declared a dividend of Rs 1.5 per share.
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