Anand Rathi's research report on Orient Cement. Anaemic demand in Mar’24 and keener competition hurt Orient’s Q4 volume growth, while realisations rose y/y on the higher share of premium cement. Though the demand-price situation is likely to be under pressure in the mid-term, fuel cost is guided to be stable. The EC process for the Chittapur IU expansion is likely to complete by Jun’24.
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Reported Consolidated quarterly numbers for Shoppers Stop are: Net Sales at Rs 1,046.34 crore in March 2024 up 13.25% from Rs. 923.90 crore in March 2023. Quarterly Net Profit at Rs. 23.18 crore in March 2024 up 62.55% from Rs. 14.26 crore in March 2023. EBITDA stands at Rs. 201.28 crore in March 2024 up 13.31% from Rs. 177.64 crore in March 2023.
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Reported Consolidated quarterly numbers for Satin Creditcare Network are: Net Sales at Rs 642.11 crore in March 2024 up 46.83% from Rs. 437.33 crore in March 2023. Quarterly Net Profit at Rs. 128.22 crore in March 2024 up 30.04% from Rs. 98.60 crore in March 2023. EBITDA stands at Rs. 429.42 crore in March 2024 up 44.48% from Rs. 297.22 crore in March 2023.
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