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This Article is From Nov 18, 2022

Cement Sector Q2 Review - Volumes Shall Continue To Drive FY22-25E Earnings Recovery: Dolat Capital

Cement Sector Q2 Review - Volumes Shall Continue To Drive FY22-25E Earnings Recovery: Dolat Capital
A handyman prepares cement mix. (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 universe (13 stocks) reported revenue of Rs 396.6 billion in Q2 FY23, up 15.1% YoY (down 8.8% QoQ) led by up 9.8% YoY in volume to 70.5 million tonne (down 6.8% QoQ) coupled with up 4.9% YoY in blended realisation/tonne to Rs 5,628 (down 2.2% QoQ).

Ebitda declined sharply by 44.1% YoY to Rs 41.5 billion (down 44.5% QoQ) and blended Ebitda/tonne decreased by 49.0% YoY to Rs 588 (down 40.5% QoQ) due to up 19.6% YoY in blended cost/tonne to Rs 5,039 (up 5.7% QoQ), which was partially offset by up 4.9% YoY in blended realisation to Rs 5,628 (down 2.2% QoQ).

Accordingly, adjusted profit after tax witnessed sharp de-growth of 71.3% YoY to Rs 10.5 billion (down 72.2% QoQ) in Q2 FY23.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

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