Salient points from Birla corp Q1 update:
| Jun-21 | Jun-20 | (% change yoy) | Mar-20 | |
|---|---|---|---|---|
| REVENUE | 1,758 | 1,242 | 42 | 2,146 |
| EBITDA | 353 | 252 | 40 | 405 |
| CASH PROFIT | 289 | 172 | 68 | 338 |
| NET PROFIT | 142 | 66 | 115 | 249 |
| Realisation/ton | 4,933 | 4,906 | 1 | 4,833 |
| EBITDA/ton | 1,001 | 981 | 2 | 937 |
Sold 3.35 million tons of cement in June quarter growth of 38% YoY but lower by 8% than pre-pandemic year(Q1FY20) .
EBITDA margins of cement at Rs.1001 per ton despite significant cost pressure by commodity prices by optimising plant efficiency,fixed cost and logistics.
Realisation per ton during Q1 at Rs 4,933 at pre-pandemic level ,despite contraction in cement prices in central and northern markets.
Capacity utilisation of 90% during Q1.
Focus on sales and marketing initiatives on premium products which lead to gains in UP and MP states
Premium products share at 51% of sales, helping to increase realisation and reflect popularity of premium brands.
Share of green power (from waste recovery and solar power) increased to 22% of overall power consumption compared to 20% in FY21.
Mukutban project delayed by second wave of covid19. Manpower at project site has been increased and confident of commissioning in Q4.Cost of project revised from Rs 2,450cr to Rs 2,744cr.
Discl: Holding around 2% of PF