Q4FY21 Result Update - Sagar Cements - ICICI Direct

Sagar Cements' Q4FY21 performance was in line with our estimates, supported by healthy sales volumes. Revenues grew 37.6% YoY to Rs. 417.7 crore (vs. I-direct estimate: ~Rs. 410.6 crore) led by sales volume growth of 22.2% YoY to 1.02 MT (vs. I-direct estimate: 0.99 MT). Realisations were also up 12.6% YoY to Rs. 4084/t while QoQ it was down 3.4%. Plants during the quarter operated at 70% vs. 58% last year, 60% in the last quarter. EBITDA margin was at 25% vs. 14.7% last year. However, it fell 375 bps QoQ. A sharp jump was seen in power & fuel costs (up 10% QoQ to Rs. 864/tonne) as petcoke prices, international coal prices increased 3.2%, 16.5%, respectively, QoQ. Reported EBITDA/t was at Rs. 1019/t (vs. I-direct estimate: Rs. 1053/t) up 91.1% YoY, albeit down 16% QoQ due to dual impact of rise in cost, lower realisations. On an absolute basis, EBITDA was at Rs. 104.3 crore, up 133.5% YoY, flat QoQ (vs. I-direct estimate of Rs. 104.5 crore). For full year, the company reported impressive performance, reporting revenue growth of 16.7% YoY to Rs. 1371 crore along with EBITDA margin expansion of over 1341 bps to 29.2% and PAT of over Rs. 186 crore despite pandemic woes.

For details, click on the link below: Link to the report

Shares of SAGAR CEMENTS LTD. was last trading in BSE at Rs.783.3 as compared to the previous close of Rs. 781.25. The total number of shares traded during the day was 5858 in over 747 trades.

The stock hit an intraday high of Rs. 810.45 and intraday low of 768. The net turnover during the day was Rs. 4600563.

Source : Equity Bulls

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