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Cement Sector Q4 FY22 Review - Volumes Continue To Drive Earnings Recovery: Dolat Capital

Cement Sector Q4 FY22 Review - Volumes Continue To Drive Earnings Recovery: Dolat Capital

<div class="paragraphs"><p>A handyman prepares cement mix. (Source: freepik)</p></div>
A handyman prepares cement mix. (Source: freepik)

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Our coverage universe of 13 stocks reported revenue of Rs 442.4 billion in Q4 FY22, a growth of 8.1% YoY (up 18.4% QoQ) led by blended realisation growth of 7.2% YoY (up 0.9% QoQ) to Rs 5,449/tonne and volume growth of 0.9% YoY (up 17.4% QoQ) to 81.2 million tonne.

Ebitda declined sharply by 18.8% YoY (up 30.8% QoQ) to Rs 80.9 billion and blended Ebitda/ tonne decreased by 19.5% YoY (up 11.4% QoQ) to Rs 996 due to 15.8% YoY increase in blended cost/tonne to Rs 4,452/tonne (down 1.2% QoQ), partially offset by blended realisation growth of 7.2% YoY (down 0.9% QoQ).

Accordingly, adjusted profit after tax witnessed sharp de-growth of 26.3% YoY (up 45.2% QoQ) to Rs 39.7 billion in Q4 FY22.

Click on the attachment to read the full report:

Dolat Capital Cement Q4FY22 Results Review.pdf

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