Sagar Cements - Q2FY21 Results - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"For Q2FY21, Sagar Cements revenue grew by 23% YoY to ₹ 325.9 crore and volume registered a growth of 2%. Plants operated around 48% utilisation during the current quarter. Operating EBITDA reported a sharp growth of 147% YoY to ₹ 104.8 crore mainly due to increase in cement realisation in its operating regions, especially in the states of Andhra Pradesh and Telangana and reduction in power and fuel cost. Net profit increased by 920% to ₹50.1 crore. Operating EBIDTA/ton was ₹1,451/ton for the quarter against ₹596/ton in Q2FY20. In addition, Company believes that the completion of MP and Odisha expansion should not only help them diversify their region & revenue mix but should result in further rationalization of the freight costs. Company also highlighted that implementation of greenfield projects of Satguru Cement Private Limited, Madhya Pradesh and Jajpur Cements Private Limited, Odisha is progressing as per schedule. Company declared an interim dividend of ₹2 per equity share."

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.688.05 as compared to the previous close of Rs. 672.15. The total number of shares traded during the day was 10035 in over 913 trades.

The stock hit an intraday high of Rs. 695 and intraday low of 655.85. The net turnover during the day was Rs. 6795796.

Source : Equity Bulls

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