Shree Cement Posts Strong Q3, Growth To Continue: Dolat Capital 
A worker pours a bag of cement into a cement processor machine. (Photographer Susana Gonzalez/Bloomberg)

Shree Cement Posts Strong Q3, Growth To Continue: Dolat Capital 

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Dolat Capital Report

Shree Cement Ltd.’s results were above estimates on all fronts except realization and Ebitda/tonne were in line.

The company posted 16.2% YoY growth in revenue to Rs 33.1 billion led by 14.7% YoY volume increase to 7.2 million tonne coupled with rise in blended realization by 1.3% YoY (down 0.2% QoQ) to Rs 4,620/tonne.

Ebitda up 28.2% YoY to Rs 10.9 billion and adjusted profit after tax up 102.0% YoY to Rs 6.3 billion.

We believe the company is on the right track by adding capacity at regular intervals to improve its dominance on the market.

Click on the attachment to read the full report:

Dolat Capital Shree Cement Q3FY21 Result Update.pdf


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