Homeearnings News

    Shree Digvijay Cement Q2FY22: Company eyeing EBITDA per tonne of Rs 1,100-1,200 from Q3 onwards

    earnings | IST

    Shree Digvijay Cement Q2FY22: Company eyeing EBITDA per tonne of Rs 1,100-1,200 from Q3 onwards

    Mini

    Anil Singhvi said he is hopeful that once the busy season for the cement industry starts next quarter onwards, the margins will see an improvement but the challenger in terms of high energy prices would remain.

    Gujarat-based Shree Digvijay Cement on Wednesday said the company is eyeing EBITDA (earnings before interest, taxes, depreciation)
    per tonne of Rs 1,100-1,200 from the third-quarter onwards.
    The company posted a net profit of Rs 13.4 crore against Rs 2.5 crore for the same quarter last fiscal. The year-on-year revenues were up 58.7 percent and EBITDA came in at Rs 27.7 crore against Rs 10.4 crore.
    Also Read
    In an interview with CNBC-TV18, Anil Singhvi, executive chairman, said he is hopeful that once the busy season for the cement industry starts next quarter onwards, the margins will see an improvement but the challenger in terms of high energy prices would remain.
    According to him, for the cement industry, the monsoon quarter is the leanest in terms of demand and when demand is low, the cost of production is much higher.
    He said, "Although there is general consensus that the cement prices have gone up, in fact, they haven’t kept pace with the increase in the cost of energy prices. Therefore, the cement prices are expected to rise and recover the costs."
    The cement prices backed by good demand are expected to rise up, to cover the energy costs and so the margins would not only come back but slightly improve as there would be high productivity, said Singhvi.
    For the full interview, watch the video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng