Cement & Cement products company Shree Digvijay Cement Company announced Q1FY25 results:
- Sales volume was 3.38 lakh ton, which remained flat YoY
- EBITDA per ton was Rs 703, which is lower by 280 per ton compared to the previous year
- Contribution of green power mix increased to 47%, showing an improvement of 12% YoY
Anil Singhvi, Executive Chairman of the Company said “The performance during the quarter was sub-par due to severe heat, general elections led to a very subdued demand. Prices remained low and continue to remain challenging. It is expected that with good monsoon and budget allocation for infrastructure capex etc. will revive the cement demand and better prices.
The work on the 1.5 million ton grinding unit is progressing well. We anticipate that it will be commissioned in the fourth quarter of the year.”