Dolat Capital: Shree Cement Posts Strong Q2, Growth To Continue

Dolat Capital: Shree Cement Posts Strong Q2, Growth To Continue

A bricklayer adds cement to a brick as he builds a wall for a new home. (Photographer Simon Dawson/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

Shree Cement Ltd.’s results were above estimates on all fronts except realizations were in line.

The company posted 7.9% YoY growth in revenue to Rs 30.2 billion led by 14.1% YoY volume increase to 6.5 million tonne slightly offset by decline in blended realization by 5.5% YoY (down1.9% QoQ) to Rs 4,628/tonne.

Ebitda up 17.0% YoY to Rs 9.9 billion and adjusted profit after tax up 77.1% YoY to Rs 5.5 billion.

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Dolat Capital Shree Cement Q2FY21 Result Update.pdf
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