Centrum Broking: Shree Cement Q2 Review- Premium Valuations A Concern
A construction worker shovels cement at a residential development under construction. (Photographer Victor J. Blue/Bloomberg)

Centrum Broking: Shree Cement Q2 Review- Premium Valuations A Concern

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

Shree Cement Ltd.’s Q2 FY21 performance was ahead of Centrum Broking Ltd.’s estimates as volume boost was the key driver in revenues, while cost check pushed earnings higher.

Revenue increased 8% YoY to Rs 30.2 billion as volume rose by 14% to 6.53 million tonnes and realisation stayed flat at Rs 4,627/tonne (Rs 4,653/tonne in Q2 FY20).

Operating cost was well controlled with ~9% YoY decline driven by energy cost savings.

Effectively, Shree Cement’s Ebitda jumped ~17% to ~ Rs 9.88 billion. Shree Cement has stopped reporting the power segment’s performance.

Click on the attachment to read the full report:

Centrum- Shree Cement Q2 FY21 Result Update.pdf

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