Mangalam Cement Q2 Review - Weak Performance On Costs Pressure: Reliance Securities

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..Reliance Securities Report.Mangalam Cement Ltd. reported a subdued earnings performance, mainly due to the higher than expected jump in operating costs. Ebitda fell by 32% year-on-year and 54% quarter-on-quarter to Rs 377 million, as against an estimate of Rs 556 million, while Ebitda/tonne stood merely at Rs 466 (estimate was Rs 556) vs. Rs 552 in Q2 FY21 and Rs 823 in Q1 FY22. Operating cost/tonne witnessed a sharp 17% quarter-on-quarter jump at Rs 4,173 (+10% year-on-year), which was Rs 436/tonne higher than the estimate.Notably, input costs/tonne witnessed a significant jump of 26% quarter-on-quarter at Rs 2,149, while other expenditures/tonne also increased over 107% quarter-on-quarter at Rs 483 (+40% year-on-year)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mangalam Cement Q2 Review - Weak Performance On Costs Pressure: Reliance Securities

Mangalam Cement Q2 Review - Weak Performance On Costs Pressure: Reliance Securities

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