HomeBusinessStar Cement Q1 Review - Second Consecutive Quarter Of Earnings Beat: Nirmal...

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

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Star Cement Ltd. reported excellent numbers for Q1 FY23, basically pushed via managed prices and higher realisations. Regardless of heavy floods in Northeast all the way through the quarter, the corporate was once Incompetent to record 29% YoY expansion in quantity, pushed via upper dispatches within the East and coffee apex of previous yr.

Realisations remained robust within the East and running prices have been contained, resulting in the corporate reporting robust Ebitda/million tonne of Rs 1,267.

Each Ebitda in addition to Ebitda/million tonne have been considerably forward of our estimates, owing to managed prices. The control has guided that the facility and gasoline prices are prone to stay rangebound as home coal costs have now not modified a lot and the corporate is specializing in expanding using trade gasoline assets.

Star Cement additionally expects double-digit quantity expansion in each North-East in addition to East areas, pushed via upper executive capex and coffee apex of previous yr.

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