The company’s sales for the period stood at Rs 1,570 crore, up 8% from Rs 1,450 crore last year on account of a combination of moderate price increase and a change in mix of export and domestic dispatches, the firm informed. However, the total dispatches were more or less flat.
The company’s Ebitda dipped 18% to Rs 485 crore in the quarter as compared to the previous year. The margins were impacted because of continuous cost pressures, which include rise in fuel and power costs along with an increase in the cost of imported coal. Domestic dispatches for the quarter were up by 5%.
However, exports declined by 70% to 76,000t. "Cement prices increases during the quarter have been moderate, at 5% YoY and 1% sequentially," the company said.
