Shree Digvijay Cement Company Ltd. News, Corporate filings and Earnings/Conference Calls

Shree Digvijay Cement Company announced Q1FY24 results: Q1FY24 vs Q1FY23: Sales Volume: 3.30 lakh tons vs 2.87 lakh tons, up 15% YoY Revenue from operations: Rs 19,281 lakh vs Rs 16,123 lakh, up 20% YoY EBITDA/Mt stood at Rs 983/Mt EBITDA: Rs 3,245 lakh vs Rs 3,236 lakh EBITDA Per Ton: Rs 983 lakh vs Rs 1,128 lakh Profit before tax: Rs 2,282 lakh vs Rs 2,314 lakh Profit after tax: Rs 1,724 lakh vs Rs 1,714 lakh Q1FY24 vs Q4FY23: Sales Volume: 3.30 lakh ton vs 3.33 lakh ton Revenue from operations: Rs 19,281 lakh vs Rs 19,520 lakh EBITDA: Rs 3,245 lakh vs Rs 4,106 lakh EBITDA Per Ton: Rs 983 lakh vs Rs 1,233 lakh Profit before tax: Rs 2,282 lakh vs Rs 3,209 lakh Profit after tax: Rs 1,724 lakh vs Rs 2,442 lakh Anil Singhvi, Executive Chairman of the Company said, "Cement industry has witnessed good demand in this quarterbacked by demand in rural & urban areas in all the segments, however, prices remained muted with increased input costs resulted in pressure on margins. The Company has seen a loss in volume in June due to the Biparjoy cyclone. Cost pressures continued during this quarter as the lower fuel price benefit will flow in subsequent quarters. The board has also approved a plan to increase the cement capacity of the company to 3 million tons per annum at a capex of approximately Rs 250 crore. The additional capacity is expected to be available from Oct 24." Rajeev Nambiar, Managing Director of the Company said, "During the quarter, SDCC has brought 15% YoY growth in sales volume. We are constantly exploring new ways to optimise our operational costs such as better use of alternate fuel, improving the share of blended cement, optimising power cost through hybrid power, and enhancing the overall reliability of the plant. Combined with operational excellence and softening in commodity prices, we are poised to deliver greater values." Result PDF

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Shree Digvijay Cement Company Ltd. News, Corporate filings and Earnings/Conference Calls

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