Sagar Cements Q4 Review - New Capacities To Drive Growth: ICICI Direct

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:

DISCLAIMER

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.