Star Cement - 4QFY20 - Angel Broking

Mr. Keshav Lahoti, Associate Equity Analyst, Angel broking Ltd.

"Despite lockdown in the last week of March, Star Cement reported a 4.1% YoY growth in revenues to ?556 crore for Q4FY20 which was better than street estimates. For the quarter, EBIDTA grew by 1.1% YoY while profit de-grew by 5.1% due to higher tax expense in this quarter compared to the corresponding quarter last year. Demand for cement was quite strong in january and february month in the north-east region (contributing ~70% of revenue). We have a positive outlook on the company given that its a net debt free company and demand in its operating region of east & north-east is better compared to other regions of India."

Shares of Star Cement Ltd was last trading in BSE at Rs.88 as compared to the previous close of Rs. 86. The total number of shares traded during the day was 4457 in over 180 trades.

The stock hit an intraday high of Rs. 89.9 and intraday low of 87. The net turnover during the day was Rs. 389894.

Source : Equity Bulls

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