Star Cement Q3 Results Review - Strong Operational Performance; Retain Buy: 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.Star Cement Ltd.'s reported marginal revenue de-growth of 1%, slightly below expectations, while volume growth was 7% YoY, in line with expectations.However, Ebitda and adjusted profit after tax grew by 37% and 39% YoY respectively, exceeding expectations due to lower costs. The company reported a profit of Rs 74 crore compared to Rs 53 crore in Q3 FY23.Star Cement achieved an Ebitda margin of 22.8%, surpassing the expectation of 20%, as opposed to 17.5% in the previous year, attributed to lower power/fuel, freight, and other expense costs, along with higher realisation.Volume for the quarter stood at 0.97 million tonnes per annum (mntpa), a 7% YoY increase due to improved demand. Star Cement Ebitda/tonne was Rs 1,535, marking a 28% YoY increase, while the blended realization/tonne was Rs 6,716 compared to Rs 6,532, up 3% QoQ.The company’s cost/tonne declined by 8% YoY to Rs 5,182 owing to lower operating costs..Click on the attachment to read the full report:.Patanjali Foods Shares Fall 6% After Q3 Profit Misses Estimates.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.

Star Cement Q3 Results Review - Strong Operational Performance; Retain Buy: Axis Securities

Cement demand in the Northeast and Eastern India region is expected to remain stable.

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Star Cement Q3 Results Review - Strong Operational Performance; Retain Buy: Axis Securities

Cement demand in the Northeast and Eastern India region is expected to remain stable.

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