Star Cement Q1 Review - Second Consecutive Quarter Of Earnings Beat: Nirmal Bang

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..Nirmal Bang Report.Star Cement Ltd. reported good numbers for Q1 FY23, primarily driven by controlled costs and better realisations. Despite heavy floods in Northeast during the quarter, the company was able to report 29% YoY growth in volume, driven by higher dispatches in the East and low base of past year. Realisations remained strong in the East and operating costs were contained, leading to the company reporting strong Ebitda/million tonne of Rs 1,267. Both Ebitda as well as Ebitda/million tonne were significantly ahead of our estimates, owing to controlled costs. The management has guided that the power and fuel costs are likely to remain rangebound as domestic coal prices have not changed much and the company is focusing on increasing the use of alternate fuel resources. Star Cement also expects double-digit volume growth in both North-East as well as East regions, driven by higher government capex and low base of past year..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Star Cement Q1 Review - Second Consecutive Quarter Of Earnings Beat: Nirmal Bang

Star Cement Q1 Review - Second Consecutive Quarter Of Earnings Beat: Nirmal Bang

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