Cement News

Star Cement Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

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).
NSEI:STARCEMENT Earnings and Revenue Growth November 18th 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.

Valuation is complex, but we’re helping make it simple.

Find out whether Star Cement is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

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