Centrum Broking: Orient Cement Awaits Revival in Key Markets 
A bricklayer adds cement to a brick as he builds a wall for a new home. (Photographer Simon Dawson/Bloomberg)

Centrum Broking: Orient Cement Awaits Revival in Key Markets 

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.

Centrum Broking Report

Orient Cement Ltd. revenues fell in Q2 FY21 to Rs 4.78 billion on the back of volume decline of 17.7% YoY (higher than our estimates) that was offset by realisation gain of 13% YoY.

Southern region (key Orient Cement market) stayed weak due to impact of pandemic and heavy monsoon.

The trade/non-trade mix has shifted back to normal 60:40 (after a brief aberration of 75% trade mix in Q1 FY21).

Click on the attachment to read the full report:

Centrum Broking - Orient Cement - Q2FY21 Result Update.pdf

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