Orient Cement - Strong Show In Q4, Focus Now On Debt Reduction: ICICI Direct

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..ICICI Direct Report.Orient Cement Ltd.’s stellar performance in Q4 FY21 was backed by 17.1% YoY jump in sales volumes (1.85 million tonne) along with strong realisations (up 8.5% YoY) in the company’s key operating regions. Asset utilisation also remained healthy at 93%. In turn, this provided operating leverage benefit leading to sharp margin expansion and robust profitability growth. Ebitda margin improved 530 basis points YoY, 174 basis points QoQ to 24.4%. The resultant Ebitda/tonne came in at Rs 1,095/tonne versus Rs 789/tonne last year and Rs 1,005/tonne last quarter. Profit after tax for the quarter was at Rs 99.9 crore (up 126.6% YoY, 85.4% QoQ).The company has declared a dividend of Rs 1.5 per share..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.

Orient Cement - Strong Show In Q4, Focus Now On Debt Reduction: ICICI Direct

Orient Cement - Strong Show In Q4, Focus Now On Debt Reduction: ICICI Direct

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