Sagar Cements - Strong Q4, Expansion To Drive Volume Growth: Dolat Capital
A worker carries a sack of cement under a conveyor in a warehouse in Ferozabad, Uttar Pradesh. (Photographer: Udit Kulshrestha/Bloomberg)

Sagar Cements - Strong Q4, Expansion To Drive Volume Growth: Dolat Capital

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Dolat Capital Report

Sagar Cements Ltd. reported revenue, Ebitda, profit after tax and volumes above estimates but realization below estimate.

The company posted strong set of numbers with 37.6%/ 133.5%/ 3772.1% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 4.2 billion/ Rs 1.0 billion/ Rs 0.5 billion led by 22.2%/ 12.6% YoY growth in volume/ realization (down 3.4% QoQ).

We like the company for its continuous efforts to expand capacity combined with diversify its revenue and one of the lowest cost producer led by various cost rationalizing measures.

Click on the attachment to read the full report:

Dolat Capital Sagar Cement Q4FY21 Result Update.pdf

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