Sh. Digvijay Cem Q1 FY27 Results (NSE: SHREDIGCEM)
Signal: Growth reaccelerated
The read
Revenue surge of 72% YoY driven by volume jump (6.06 vs 3.59 lakh tons) including 2.49 lakh tons from Hi-Bond BDA, but EBITDA/ton fell to ₹500 from ₹701 and margin contracted 388bps YoY to 8.98%, leading to 50.5% PAT decline as input and logistics costs rose.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹337.27 Cr | +72.12% | +61.8% |
| Net profit | ₹6.83 Cr | -50.5% | |
| EBIT margin | 0% |
P&L walk
Revenue growth powered by volume, but margin compression drove PAT decline.
Key positives
- Revenue grew 72% YoY to ₹33,727 lakh, driven by 68.8% volume growth to 6.06 lakh tons, including significant Hi-Bond BDA volume of 2.49 lakh tons.
- EBITDA absolute grew 20.2% YoY, indicating some operating leverage despite margin pressure.
- Management confident in long-term growth with expanding distribution network and disciplined capital allocation.
Key concerns
- EBITDA per ton fell 28.7% to ₹500, and EBITDA margin contracted 388bps YoY to 8.98%, citing geopolitical uncertainties impacting input and logistics costs.
- PAT declined 50.5% YoY to ₹683 lakh despite revenue surge, reflecting margin compression and likely higher costs.
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