- 01 Nov 2021
- ICICI Securities
Shree Cement’s Q2FY22 performance beats estimates
SHREECEM - 19214 Change: 204.10 (1.07 %)News: Shree Cement’s revenue for Q2FY22 increased 5% YoY to Rs.3205.9 crore while EBITDA was down 10.8% YoY to Rs.898.2 crore. PAT was up 5.6% YoY to Rs.577.7 crore on higher other income and lower taxes.
Views: While performance remained under pressure due to higher fuel costs (up 34.1% YoY, 4.7% QoQ), a check on freight costs (up 3.3% YoY, down 7.7% QoQ) and better than expected realisations led to better than expected operating performance during the quarter.