Star Cement (CMP: Rs 85, market cap: Rs 3,528 crore), the largest cement producer in the North East, reported lacklustre earnings for December quarter. Volumes drove revenues, but the dip in realisations impacted profitability and margins. Despite the muted performance, we remain optimistic on the company’s growth prospects due to its niche market positioning and cash rich balance sheet. Quarterly result highlights Volumes for the quarter at 0.79 million tonnes (MT) were up 16 percent year-on-year (YoY). Strong demand from the...
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