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 realization and Ebitda/tonne were in line.
The company posted 16.2% YoY growth in revenue to Rs 33.1 billion led by 14.7% YoY volume increase to 7.2 million tonne coupled with rise in blended realization by 1.3% YoY (down 0.2% QoQ) to Rs 4,620/tonne.
Ebitda up 28.2% YoY to Rs 10.9 billion and adjusted profit after tax up 102.0% YoY to Rs 6.3 billion.
We believe the company is on the right track by adding capacity at regular intervals to improve its dominance on the market.
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