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ICICI Direct Report
Sagar Cement Ltd. reported a robust performance with Ebitda, profit after tax growth of 2.5 times, 10 times, respectively, in Q2 FY21.
Revenues grew 22.8% YoY to Rs 325.9 crore (versus our estimate of approximately Rs 319 crore).
Sales volumes recovered with growth of 1.7% YoY to 0.72 metric tonne (above pre-Covid-19 levels).
Realisations improved sharply by 20.8% YoY to Rs 4512/tonne (down 5.5% QoQ) in Andhra Pradesh and Telangana region. The plants during the quarter operated at 50% versus 49% last year.
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