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Dolat Capital Report
Sagar Cements Ltd. reported revenue, volume above estimates, Ebitda/tonne in line, however realisation, Ebitda and adjusted profit after tax below estimates.
Sagar Cements posted up 20.1%/ down 41.4% YoY in revenue/ Ebitda to Rs 5.0 billion/ Rs 611 million and net loss of Rs 115 million primarily due to up 27.5%/ up 1.2% YoY/ QoQ growth in cost/tonne, which was partially offset by up 10.3%/ up 51.8% YoY growth in volume and up 8.9%/ down 0.9% YoY/ QoQ in realisation.
We like Sagar Cements for its continuous efforts to expand its capacity combined with diversify its revenue and one of the lowest cost producer led by various cost rationalising measures.
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