Name: Latest research reports of Mangalam Cement Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Mangalam Cement Ltd.
Rating: 5
Author: ICICI Securities Limited

Mangalam Cement

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ICICI Securities Limited

Mangalam Cement reported a weak set of Q3FY18 numbers. Revenues increased 24.9% YoY to | 292.0 crore (above I-direct estimate: | 260.7 crore) mainly led by 14.4% YoY increase in volumes to 0.74 MT (above I-direct estimate: 0.66 MT) and realisation growth of 9.2% YoY to | 3,951 (vs. I-direct estimate: | 3,950) EBITDA/tonne declined 66.6% YoY to | 110/t (vs. I-direct estimate: | 442/t) mainly due to higher raw material cost (up 105.7% YoY driven by higher clinker production and higher inventory of coal) and...