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HDFC Securities Report
Deccan Cements Ltd.'s Q1 FY21 volume fell 33% YoY. However, owing to a sharp rebound in regional pricing, revenue fell only 24% YoY to Rs 1.39 billion.
Margin soared 50% YoY, thus cushioning Ebitda to Rs 399 million, a decline of 1% YoY.Adjusted profit after tax rose 12% YoY on a lower tax rate (new tax regime).
The company's 6 megawatts waste heat recovery system (WHRS) is expected to be fully operational during Q3 FY21, which will reduce operating expense by approximately Rs 70/ metric tonne.
During FY20, Deccan Cements had commissioned truck and wagon loader facilities, which will reduce material handling cost. These should aid margin expansion going ahead.
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