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Star Cement Q2 Results Review - Muted Quarter; Limited Upside Potential: Dolat Capital

Significant increase in net debt to Rs 8.5 bn/ Rs 4.9 bn in FY24E/ FY25E from Rs 6.6 bn (FY22) net cash due to Rs21 bn capex.

<div class="paragraphs"><p>Ster Cement Ltd.s manufacturing plant in Meghalaya. (Source: Company website)</p></div>
Ster Cement Ltd.s manufacturing plant in Meghalaya. (Source: Company website)
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