Star Ferro and Cement Limited

NSE: SFCL | BSE: 536666 | ISIN: INE935O01010 | Industry: Cement & Cement Products
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ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Star Cement's Q4FY18 results were broadly above our estimates. Revenues increased 12.6% YoY to | 526.1 crore (above I-direct estimate of | 469.6 crore) in Q4FY18 mainly led by 5.7% YoY growth in volumes to 0.8MT (vs I-direct estimate: 0.72 MT) and 6.6% YoY increase in realisations to | 6561/t. During the quarter, the company discontinued operations in Jharkhand while some of the markets in NER, which kept volume growth in single digits...
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