Orient Cement Q3 Results Review - Result Below Expectations; Retain Hold: Axis 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..Axis Securities Report.Orient Cement Ltd. reported numbers that were below our and consensus estimates. Its revenue/Ebitda/profit after tax grew by 3%/28%/64% YoY (below expectations). The company reported de-growth in volume by 3%/2% YoY/QoQ at 1.39 mtpa and was impacted by a shortage of labour, State elections, and unseasonal rain. It reported a PAT of Rs 45 crore against Rs 28 crore last year on the back of higher realization YoY. Orient Cement recorded an Ebitda margin of 15.4% (versus expectations of 15.8%) against 12.3% YoY. Orient Cement’s Ebitda/tonne stood at Rs 830 (in line with expectations), up 31% YoY, and it reported realization/tonne of Rs 5,397 against Rs 5,121, up 5%/7% YoY/QoQ. The company’s cost/tonne increased by 2%/3% YoY/QoQ to Rs 4,568 on the back of higher raw material and freight costs, while power/fuel cost was lower by 12% on a tonne basis..Click on the attachment to read the full report:.Orient Cement Q3 Results Review - Capex To Drive Into New League: Yes Securities.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 - Result Below Expectations; Retain Hold: Axis Securities

Expansion plans at company's Chitapur plant await environmental clearance

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Orient Cement Q3 Results Review - Result Below Expectations; Retain Hold: Axis Securities

Expansion plans at company's Chitapur plant await environmental clearance

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