Shree Cement Q1 PAT seen up 9% YoY to Rs 721 cr: Prabhudas Lilladher

Shree Cement: Shree Cement reported a 16 percent decline in standalone net profit of Rs 645 crore in the fourth quarter of FY22, as against Rs 768 crore recorded a year ago. Revenue rose 3.6 percent on-year to Rs 4,099 crore as compared to a revenue of Rs 3,958 crore registered in the year-ago quarter. The year-on-year decline in profit was due to a surge in power and fuel costs, along with the high base of last year’s quarter. Meanwhile, the sequential growth was aided by higher volumes and better realizations during the quarter.

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Prabhudas Lilladher has come out with its first quarter (April-June’ 22) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs 721 crore up 9% year-on-year (up 32.3% quarter-on-quarter).

Net Sales are expected to increase by 26.3 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs 4,357 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.5 percent Y-o-Y (up 18.6 percent Q-o-Q) to Rs 1,079.9 crore.

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