Sagar Cements Q3 Review - Cost Efficiency Improves Further: ICICI Direct  
Indian labourers unload bags of cement from a truck in Gurgaon (Photographer: Adam Ferguson/Bloomberg News)

Sagar Cements Q3 Review - Cost Efficiency Improves Further: 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 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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ICICI Direct Sagar Cement Q3FY21 Result Update.pdf

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