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.
ICICI Direct Report
Shree Cement Ltd.'s operational performance for Q2 FY21 was ahead of our estimates led by improved sales volumes and cost efficiencies.
Reported revenue growth was 7.9% YoY to Rs 3022.4 crore (our estimate Rs 2,964.1 crore).
Volumes grew 14% YoY to 6.5 metric tonne while blended realisations were down 5.4% YoY to Rs 4636/tonne (versus our estimate Rs 4,882/tonne) as cement prices stayed weak in north and eastern region in Q2.
Click on the attachment to read the full report:
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 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
