Sagar Cements Q3 Review - Cost Efficiency Improves Further: ICICI Direct
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ICICI Direct Report
Sagar Cements Ltd. reported healthy set of numbers with Ebitda growing five times versus last year during Q3 FY21, though it was down marginally by 0.3% on QoQ basis.
Sales volume recorded double digit growth of 12.6% YoY to 0.86 metric tonne. Realisations also remained firm at Rs 4229/tonne (up 23.2% YoY) in Andhra Pradesh and Telangana region. However, it corrected by 6.3% QoQ.
The plants during the quarter operated at 58% versus 52% last year and 50% in the last quarter. Ebitda margin for the quarter came in at 28.7% versus 7.6% last year.
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