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This Article is From Aug 23, 2021

Cement Sector Q1 Earnings Review - Robust Revenue Growth: Dolat Capital

Cement Sector Q1 Earnings Review - Robust Revenue Growth: Dolat Capital
A cart with wet cement. (Photographer: Jeremy Erickson/Bloomberg)
STOCKS IN THIS STORY
Shree Digvijay Cement Company Ltd.
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JK Lakshmi Cement Ltd.
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TGV SRACC Ltd.
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JK Cement Ltd.
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Star Cement Ltd.
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Birla Corporation Ltd.
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Sagar Cements Ltd.
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Dalmia Bharat Sugar & Industries Ltd.
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Ambuja Cements Ltd.
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Ultratech Cement Ltd.
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The Ramco Cements Ltd.
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Heidelberg Cement India Ltd.
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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.

Dolat Capital Report

Our coverage universe of 12 cement stocks reported revenue of Rs 324.3 bn in Q1 FY22, a growth of 49.4% YoY (down 15.1% QoQ) led by blended volume growth of 44.3% YoY (down 19.1% QoQ) to 61.0 million tonne coupled with increase in blended realisation by 3.6% YoY (up 5.0% QoQ) to Rs 5,315/ tonne (highest ever).

Ebitda increased 51.3% YoY (down 9.3% QoQ) to Rs 85.1 billion and blended Ebitda/ tonne increased 4.9% YoY (up 12.1% QoQ) to Rs 1,395 (highest ever) led by blended realisation growth of 3.6% YoY (up 5.0% QoQ) to Rs 5,315/tonne which was partially offset by rise in blended cost/tonne by 3.1% YoY (up 2.6% QoQ) to Rs 3,920/ tonne.

Click on the attachment to read the full report:

Dolat Capital Cement - Q1FY22 Results Review.pdf
VIEW DOCUMENT

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.

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