ECONOMY

Deccan Cements – Best Ever Performance In Q1: Anand Rathi

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With revenue/Ebitda/profit after tax vaulting ~62%/38.7%/41% YoY, Deccan Cements Ltd. reported its best performance, outstripping its regional peers.

Government sanctions for its 2.2 million tonnes cement capacity expansion is awaited.

Despite the high base, Deccan Cements’ performance is expected to continue, backed by a demand upswing and cost savings (waste heat recovery system).

A net-debt-free balance sheet and strong return ratios are other positives.

Risks: Demand slowdown; rise in input costs.

Click on the attachment to read the full report:

Anand Rathi Deccan Cement Company Update.pdf

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