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Shree Digvijay Cement Company Ltd.
Q4FY23 Quarterly & FY23 Annual Result Announced for Shree Digvijay Cement Company Ltd.
Shree Digvijay Cement Company announced Q4FY23 & FY23 results:
- Q4FY23:
- Revenue is up by 15%
- EBITDA up by 34%
- PAT is up by 89%
- FY23:
- The company has produced and sold ever highest cement over 12.5 lakhs tonnes
- Obtained Environment Clearance (EC) from the Ministry of Environment, Forest, and Climate Change for capacity expansion up to 3.00 MTPA
- The dividend increased to 40% Rs 4.0 per equity share as compared to FY22 at Rs. 3.5 per equity share
Anil Singhvi, Executive Chairman of the Company said “Despite very high cost of coal which has impacted the margins of cement industry, SDCC performed well by improving plant performance and keeping the cost under control. The coal prices are now softening and expected to soften further, which will reduce the cost of production.
Encouraged by such good performance, the board of directors have recommended a higher final dividend of Rs 2.5 /- per share.
We are very happy to have received the Environment Clearance (EC) for expansion to 3 million tonnes of cement. With sufficient limestone deposits, the company is well poised to embark upon growth."
Rajeev Nambiar, Managing Director of the Company said “Another impressive year for SDCCL in spite of challenges on Cost & Intense Market Competition. Debottlenecking and asset optimization initiatives led to long-term gains which are visible in the performance. Combined with highest ever blended and special products sales led to the consolidation of top line growth and profitability.
Beginning of operations of SDCCL Logistics and grant of EC for expansion adds newer opportunities for future business growth.”
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