India Cements Q4 Review - Deleveraging To Continue In Absence Of Capex: Motilal Oswal
Workers unload cement bags from a truck near a construction site in New Delhi, India.  (Photo: Bloomberg News)

India Cements Q4 Review - Deleveraging To Continue In Absence Of Capex: Motilal Oswal

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.

Motilal Oswal Report

India Cements Ltd.’s Q4 FY21 Ebitda came in 4% below estimate due to higher costs.

This was partly attributable to higher selling in the faraway markets of East and Central, which offset weaker demand in South – the company’s core market.

Capacity utilisation stood at just 57% in FY21.

Net debt declined 15% YoY to Rs 30.0 billion in FY21 as the company repaid Rs 5.3 billion worth of debt on strong operating cash flow and negligible capex.

Click on the attachment to read the full report:

Motilal Oswal India Cements Q4FY21 Result Update.pdf

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