Cement Sector Q3 FY21 Results Review: Dolat Capital

Cement Sector Q3 FY21 Results Review: Dolat Capital

A pile of cement lies on a builders’ slab. (Photographer: Chris Ratcliffe/Bloomberg)

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.

Dolat Capital Report

Our coverage universe of 10 stocks reported revenue of Rs 327.4 billion in Q3 FY21, a growth of 13.5% Year on Year (+16.0% Quarter on Quarter) led by blended volume growth of 9.2% YoY (+17.4% QoQ) to 65.6 million tonne coupled with increase in blended realisation by 3.9% YoY (-1.2% QoQ) to Rs 4,989/ tonne.

Ebitda increased 42.1% YoY (+6.1% QoQ) to Rs77.0 bn and blended Ebitda/tonne increased 30.1% YoY (-9.6% QoQ) to Rs 1173 led by blended realisation growth of 3.9% YoY (-1.2% QoQ) to Rs 4,989/tonne coupled with fall in blended cost/tonne by 2.1% YoY (+1.7% QoQ) to Rs 3,816/ tonne.

APAT witnessed growth of 97.5% YoY (+13.6% QoQ) to Rs 40.3 billion in Q3 FY21.

For 9M FY21, DART universe reported growth of -4.2%/ +12.9%/ +44.5% in revenue/ Ebitda/APAT with 377 basis points expansion in Ebitda margin to 24.9%.

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Dolat Capital Cement Sector Q3 FY21 Results Review.pdf
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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.

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