Sagar Cements Q1 Review - Strong Quarter, Fair Valuation: Dolat Capital
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Dolat Capital Report
Sagar Cements Ltd. reported results above estimates on all fronts.
The company posted strong set of numbers with up 48.6%/ up 23.1%/ up 42.3% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 3.9 billion/ Rs 1.1 billion/ Rs 514 million led by up 58.4%/ down 6.2% YoY growth in volume/ realisation (up 9.3% QoQ).
We like Sagar Cements for its continuous efforts to expand its capacity combined with diversify its revenue and one of the lowest cost producer led by various cost rationalising measures.
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