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.” Result PDF
Shree Digvijay Cement Company declares Q4FY22 result: Turnover Up by 25% Sales Volume Up by 16% EBITDA Up by 9% Anil Singhvi, Chairman of the Company said “Despite a very challenging environment faced by cement industry on all accounts, SDCC performed very well during the year ended 31st March 2022 with record high cement production and cement sales in SDCC history. We have also done well in keeping the cost under control and have achieved EBITDA of over RS 1000 P/Ton. Our decision of Investment in Hybrid power with existing WHRS will contribute to considerable savings. Encouraged by such good performance, the board of directors have recommended an increased dividend of Rs. 3.5/- per share (Rs. 2.5/- per share in previous year)." Rajeev Nambiar, Managing Director of the Company said “We at SDCC remain focused on delivering a sustainable operational performance. Our efforts at manufacturing have been to ramp up our production to the maximum on account of which we have achieved a 100% capacity utilization with highest ever Annual Sales and production numbers. Although the challenges faced Infront of high energy prices and competitive market scenario is leading to pressure on margins, but Cement demand continues to be encouraging with improvement in pricing scenario. Our focus on strengthening ESG practices is taking good shape and with our Green power agreement commissioning by Q3FY22, we shall be amongst India’s highest Green power consuming cement company not only contributing to environment but also helping SDCC to optimize cost and secure power for long term.I am sure that our renewed commitments at ESG will lead our way to sustainable practices in safety, health, environment and performance” Result PDF
Cement & Cement Products Shree Digvijay Cement Company declares Q3FY22 result: Volume Up by 27% for the first 9 months Revenue Up by 6% during the quarter Anil Singhvi, Chairman of the Company said “It was a perfect storm for us during the quarter. We had a scheduled plant shut down, cost of fuel and transportation went up considerably and low demand put pressure on prices resulting in a disappointing quarterly performance. Storm seems to be subsiding now-fuel prices are stabilising and demand is picking up. We expect the normalcy to return soon and look for a good Q4”. Rajeev Nambiar, Managing Director of the Company said “Even though the high international fuel price was a dampener in our cost management, by the end of Dec’21 quarter, we could catchup with better realisation with improved blended portfolio along with consumption of alternate fuels. Our investments in sustainable initiatives continue in full pace and will yield in better results. As demand is picking up, we expect renewed improvement in profitability in the coming months”. Result PDF
Q2 FY22 Highlights: Volume Up by 41% Turnover Up by 59% PAT Up by 423% Dividend: The Board has recommended an Interim Dividend of Rs. 1.5/- (i.e. 15%) per equity share of Rs. 10/- each on 143,759,778 fully paid Equity Shares for the financial year 2021-22, aggregating to Rs. 2,156.40 lakhs. Anil Singhvi, Chairman of the Company said "SDCC continues to do well and has delivered yet another good quarter. Despite heavy monsoon and steep rise in fuel and energy prices, the Company has performed very well during the quarter. Though there is a huge shortage of coal being faced by cement companies disturbing production, SDCC continues to produce at full capacity as we are able to import coal from our own port. Encouraged by the strong financial performance, the board is pleased to announce an interim dividend of Rs. 1.5/- per equity share for the financial year 2021-22." Rajeev Nambiar, Managing Director of the Company said "At SDCC, we continue to make a steady progress to strengthen our business. We stand committed to our ESG commitments along with the normal course of business and are frontrunners in maximizing our share of green energy consumption, over half of energy commitments coming from green energy. Our efforts in biodiversity and water conservation are making visible impact in society. We are well poised to meet the demand cycle coming up in near future". Result PDF