Orient Cement Q4 Review - Strong Show; On A Steady But Firm Recovery Path: Centrum Broking
A worker sifts sand while laboring at an under construction site in Matia, Assam, India.  (Photographer: Prashanth Vishwanathan/Bloomberg)

Orient Cement Q4 Review - Strong Show; On A Steady But Firm Recovery Path: Centrum Broking

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.'s earnings performance was ahead of our estimate and consensus estimates driven by strong volume growth and cost rationalisation.

Volume gained by a healthy 17% YoY to 1.85 million tonne and realisation gained 8% YoY that helped revenue gains of ~27% to Rs 8.31 billion.

Ebitda at Rs 2.02 billion grew by 63% YoY helped by limited cost inflation.

The overall cost was flat YoY at Rs 3,401/tonne driven by lower energy cost and other expenses.

The profit after tax came at Rs 998 million compared to Rs 439 million in Q4 FY20.

Click on the attachment to read the full report:

Centrum Broking Orient Cement - Q4FY21 Result Update .pdf


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