Sagar Cements Q4 Review - New Capacities To Drive Growth: ICICI Direct
Small rock, pumas, and sand, different types of block material, sit in a pile before being mixed into cement during production. (Photographer: Meg Roussos/Bloomberg)

Sagar Cements Q4 Review - New Capacities To Drive Growth: 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’s Q4 FY21 performance was in line with our estimates, supported by healthy sales volumes.

Revenues grew 37.6% YoY to Rs 417.7 crore (versus our estimate: ~Rs 410.6 crore) led by sales volume growth of 22.2% YoY to 1.02 metric tonne (versus our estimate: 0.99 metric tonne).

Realisations were also up 12.6% YoY to Rs 4,084/tonne while QoQ it was down 3.4%.

Plants during the quarter operated at 70% versus 58% last year, 60% in the last quarter.

Ebitda margin was at 25% versus 14.7% last year. However, it fell 375 basis points QoQ.

Click on the attachment to read the full report:

ICICI Direct Sagar Cement Q4FY21 Result Update.pdf

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