*YoY/ QoQ Performance:* § Revenue +8.8% YoY/ +22.1% QoQ to Rs24.6 bn (-3.8% DART estimate) led by +4.6%/ +19.3% YoY/ QoQ in volume to 4.44 mt (-3.8% DART estimate) coupled with +4.2%/ +2.0% YoY/ QoQ in realization/tn to Rs5,285 (-0.3% DART estimate).
§ EBITDA -0.9%/ +90.0% YoY/ QoQ to Rs2.7 bn (-16.0% DART estimate) and EBITDA margin -108 bps/ +398 bps YoY/ QoQ (-162 bps DART estimate) to 11.1%. § EBITDA/tn -1.3%/ +63.6% YoY/ QoQ to Rs615/ tn (-10.2% DART estimate) led by +5.0%/ -2.9% YoY/ QoQ in cost/tn to Rs4,669 coupled with +4.2%/ +2.0% YoY/ QoQ in realization/tn to Rs5,285. *Excluding Mukutban plant, Revenue stood at Rs23.7 bn, EBITDA at Rs2.9 bn and EBITDA/tn at Rs689 (*+6.0% YoY/ +41.2% QoQ)*. Mukutban’s EBITDA loss reduced to Rs146 mn from Rs297 mn QoQ and it turned EBITDA positive in the month of Mar’23.* § APAT sharply down by 59.9% YoY to Rs596 mn (-28.7% DART estimate) due to higher depreciation, finance cost and lower other income. § Trade share in volumes stood at 77% (Q4FY23) vs. 75% (Q3FY23) vs. 78% (Q4FY22) § Premium cement share in trade volumes stood at 54% (Q4FY23) vs. 51% (Q3FY23) vs. 49% (Q4FY22) § Blended cement share in volumes stood at 89% (Q4FY23) vs. 88% (Q3FY23) vs. 92% (Q4FY22) *Others (Consolidated)* § CFO stood at Rs8.1 bn (FY23) vs. Rs10.4 bn (FY22) § Capex stood at Rs6.3 bn (FY23) vs. Rs7.8 bn (FY22) § FCFF stood at Rs1.7 bn (FY23) vs. Rs2.6 bn (FY22) § Net Debt stood at Rs36.7 bn (FY23) vs. Rs34.7 bn (FY22) § Net Debt/ EBITDA stood at 4.8x (FY23) vs. 3.1x (FY22). § *Muktuban Plant – *To increase Mukutban's capacity utilisation and realisation, company has expanded its footprint in proximal markets such as Telangana, MP and Gujarat. § *Mining –* Coal production at Sial Ghoghri mine increased by 72% YoY to 0.35mt in FY23. Green power stood at 22% in FY23 vs. 21.8% in FY22. § On logistics front, company has taken multiple initiatives including complete automation, fly ash transportation by specialised BTAP wagons and increasing direct dispatches for cost optimisation. § *Jute division* reported cash profit of Rs81.9 mn/ Rs372 mn (Q4FY23/ FY23) vs. Rs703 mn (Q3FY23) vs. Rs93.6 mn (Q4FY22). Looking to scale up sales of food-grade bags in overseas markets and expanding production capacity of carry bags. Production from the expanded capacity is expected to start in Jul’23. § Company is rationalising its brand portfolio and revamping its brand architecture. § Company has launched *Project Shikhar* to achieve excellence in manufacturing and operational efficiencies with an aim of aggressive cost reduction. § Company has launched a campaign by the name of *4Vs* (vision, value creation, velocity and visibility) to deliver focused and time-bound results using the Objectives and Key Results (OKR) methodology; had positive effect in Q4FY23 performance. § Company declared dividend of Rs2.5/ sh in FY23. -- Kindly email stock reports at [email protected] For sharing knowledge -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web, visit https://groups.google.com/d/msgid/stockresearcher/CAHgtNZy1GKoO22S3X%2BhdAMTvk2KAg3ndq9L0GQCxZaQfa70C9w%40mail.gmail.com.
