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

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.