HDFC Securities: Deccan Cements Q1 Sees Robust Price Gains; Cost To Reduce On WHRS Ramp-Up

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..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. .Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

HDFC Securities: Deccan Cements Q1 Sees Robust Price Gains; Cost To Reduce On WHRS Ramp-Up

HDFC Securities: Deccan Cements Q1 Sees Robust Price Gains; Cost To Reduce On WHRS Ramp-Up

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