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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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