SHREE CEMENT PREVIEW: What to expect from Q4

Shree Cement Preview – Q4FY21 Preview Revenues seen at `3822cr vs `3218cr, up 19% EBITDA seen at `1176cr vs `1079cr, up 9% PAT seen at `685cr vs `588cr, up 16.5% Margins seen at 30.7% vs 33.5% Highlights Sales volume seen at 8MnTn, up 19% YoY: Macquarie Margins will soften QoQ driven by higher cost and lower realization Focus on price trends, management demand commentary and company specific cost trends Factors to watch Sequential cost trends will be mixed Impact of the rise in input cost prices to partially reflect in quarter Diesel & petcoke prices on an upswing Commentary on capacity expansion Price & demand outlook