Orient Cement Q3 Results Review - Capex To Drive Into New League: Yes Securities

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Orient Cement Ltd.'s reported revenue/Ebitda/adjusted. Profit after tax missed our estimate by 8/7/16% over muted volume during the quarter. The company saw a volume de-growth of plus 3% YoY, which was mitigated by net sales realisation improvement of plus 5% YoY and translated in a revenue growth of 3% YoY in Q3 FY24.Surge in raw material cost/tonne by 23% YoY led total cost/tonne up by 2% YoY during the quarter. With the healthy NSR and flat cost, the Ebitda improved to Rs 829/tonne in Q3 FY24 against Rs 632 in Q2 FY23. Ebitda/profit after tax grew by plus 28/64% YoY to Rs 1,154 million and Rs 450 million in Q3 FY24, respectively.Management reiterates its priority to increase Chittapur capacity (3 millions of tonnes per annum cement and 2 mtpa clinker) to improve the production headroom as the unit has only one kiln running at 100% utilization.Moreover, the company plans to add 3 mtpa clinker and 1 mtpa grinding unit at Devapur to cater the 2 mtpa of GU in Madhya Pradesh commissioning by FY26E..Click on the attachment to read the full report:.Centre Launches 'Bharat Rice': What Is It, Price, How To Buy And All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Orient Cement Q3 Results Review - Capex To Drive Into New League: Yes Securities

We remain positive on Orient Cement for being an efficient and low-cost producer and believe it has significant headroom to improve further through.

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Orient Cement Q3 Results Review - Capex To Drive Into New League: Yes Securities

We remain positive on Orient Cement for being an efficient and low-cost producer and believe it has significant headroom to improve further through.

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