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.

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