Coal news and updates

Shree cements ltd's Q4FY17 standalone results for the quarter registered a beat on street estimates. Revenue for the quarter came in 4.4 % higher than the estimated figure of Rs. 2280 crore. EBITDA for the quarter came in 50.3 % higher than the estimated figure of Rs. 547 crore. And lastly, net profit for the quarter came in 12.8 % higher than the estimated figure of Rs. 270 crore.

 

Shree cements ltd standalone revenue for the quarter came in at Rs. 2380.3 crore, registering 19.1% yoy increase. This was primarily driven by 24.7% yoy increase in revenues from cement segment.

 

EBITDA for the quarter fell by 1.8% yoy to Rs. 822.1 crore with a corresponding margin contraction of 735 bps. EBITDA margin for the quarter stood at 34.5%. This margin contraction was aided by adverse movements in inventories.

 

The PAT for the quarter came in at Rs. 304.5 crore, yoy decline of 54.1%.

 

Looking at the full year numbers, we see that revenue jumped by 16% to reach Rs.8429.16 crore while EBITDA rose by 27% to 3581.94 crore.

 

Company reported net profit of Rs.1339.11 crore, up 7% yoy

 

Company has recommended final dividend of Rs.24 per equity share of Rs.10 each.

 

 

Source: India Infoline