Sagar Cements Q1 Review – New Capacities To Drive Strong Growth From H2 FY22E: ICICI Direct

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Sagar Cements Ltd.’s Q1 FY22 results remained ahead of our estimates led by better-than expected sales volume and improved realisations.

Clocked revenue of Rs 392.6 crore, down 6% QoQ led by sales volumes de-growth of 14% to 0.88 million tonne.

On a YoY basis, revenues were up 48.6%.

Ebitda/tonne was up 19.5% QoQ to Rs 1218/tonne (versus last quarter Ebitda/tonne of Rs 1,019/tonne).

Ebitda margin was at 27.3%, up 232 basis points QoQ (down 566 bps YoY).

Sagar Cements’ profit after tax was at Rs 50.1 crore, up 39.2% YoY, flat QoQ (our estimate: Rs 40.7 crore).

Click on the attachment to read the full report:

ICICI Direct Sagar Cements Q1FY22 Result Update.pdf


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