Star Cement (NSE:STARCEMENT) Second Quarter 2023 Results
Key Financial Results
- Revenue: ₹6.08b (up 50% from 2Q 2022).
- Net income: ₹310.6m (down 33% from 2Q 2022).
- Profit margin: 5.1% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses.
- EPS: ₹0.77 (down from ₹1.13 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Star Cement Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Basic Materials industry in India.
Performance of the Indian Basic Materials industry.
The company’s shares are down 1.6% from a week ago.
Balance Sheet Analysis
While it’s very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Star Cement’s balance sheet and an in-depth analysis of the company’s financial position.
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