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