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This Article is From Aug 18, 2022

Cement Q1 Earnings Review - Cost Pressure, Insufficient Price Hike To Hurt Ebitda/Tonne In Q2: Dolat Capital

Cement Q1 Earnings Review - Cost Pressure, Insufficient Price Hike To Hurt Ebitda/Tonne In Q2: Dolat Capital
Freshly mixed cement mix lying in a tub at construction site. (Source: freepik)

BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Our coverage universe of 13 stocks reported revenue of Rs 433.9 billion in Q1 FY23, a growth of 25.0% YoY (down 1.9% QoQ) led volume growth of 16.6% YoY (down 7.1% QoQ) to 75.5 million tonne coupled with blended realisation/tonne growth of 7.2% YoY (up 5.5% QoQ) to Rs 5,750.

Ebitda declined sharply by 17.7% YoY (down 7.7% QoQ) to Rs 74.7 billion and blended Ebitda/tonne decreased by 29.4% YoY (down 0.7% QoQ) to Rs 990 due to 20.1% YoY increase in blended cost/tonne to Rs 4,760 (up 6.9% QoQ), which was partially offset by blended realisation growth of 7.2% YoY (up 5.5% QoQ) to Rs 5,750.

Accordingly, adjusted profit after tax witnessed sharp de-growth of 22.5% YoY (down 4.6% QoQ) to Rs 37.9 billion in Q1 FY23.

Click on the attachment to read the full report:

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