Sagar Cements Q1 Review - New Capacities To Drive Strong Growth From H2 FY22E: ICICI Direct
A limestone and clay mix sits in a pile inside a cement plant. (Photographer: Gianluca Colla/Bloomberg)

Sagar Cements Q1 Review - New Capacities To Drive Strong Growth From H2 FY22E: ICICI Direct

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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 Securities Report

Sagar Cements Ltd.'s Q1 FY22 results remained ahead of our estimates led by better-than expected sales volume and improved realisations.

Clocked revenue of Rs 392.6 crore, down 6% QoQ led by sales volumes de-growth of 14% to 0.88 million tonne.

On a YoY basis, revenues were up 48.6%.

Ebitda/tonne was up 19.5% QoQ to Rs 1218/tonne (versus last quarter Ebitda/tonne of Rs 1,019/tonne).

Ebitda margin was at 27.3%, up 232 basis points QoQ (down 566 bps YoY).

Sagar Cements' profit after tax was at Rs 50.1 crore, up 39.2% YoY, flat QoQ (our estimate: Rs 40.7 crore).

Click on the attachment to read the full report:

ICICI Direct Sagar Cements Q1FY22 Result Update.pdf

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