Star Cement Q4 Review - Recent Capacity Expansion To Drive Growth: Dolat Capital
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.
Dolat Capital Report
Star Cement Ltd. reported results broadly in line however, realisation and profit after tax above estimates.
The company posted muted set of numbers with up 9.8%/ down 15.7%/ down 0.6% YoY growth in revenue/ Ebitda/ adjusted profit after tax to Rs 6.0 billion/ Rs 1.0 billion/ Rs 853 million led by up 3.7%/ up 6.0% YoY growth in volume/ realisation (up 8.5% QoQ).
We expect 17.9%/ 22.8%/ 36.0% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over FY21-23E led by 26.0%/ 12.0% volume growth and down 1.0%/ down 0.5% realisation de-growth in FY22E/ FY23E.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.