Q3 2024 Orient Cement Ltd Earnings Call Transcript
Key Points
- Orient Cement Ltd (BOM:535754) reported an EBITDA of INR117 crores, achieving INR840 per tonne, which aligns with their year-end target.
- The company saw a year-to-date (YTD) growth of about 9%, in line with the industry average.
- Premium brands like StrongCrete and Orient Green have seen consistent growth, contributing to higher blended realizations.
- The waste heat recovery plant, which is 80% operational, has already provided significant cost savings, with expectations of further benefits.
- Power and fuel costs have decreased due to the use of alternative fuels and renewable energy sources, with 25% of power consumption coming from renewables.
- The company experienced a degrowth in volumes by 3% year-on-year and 2% quarter-on-quarter.
- B2C sales in Telangana were significantly lower, with a 29% decline, impacting overall performance.
- Freight costs increased by 4.5% year-on-year and 8% quarter-on-quarter due to higher transportation costs and the absence of lean season discounts from railways.
- The product mix has shifted towards higher OPC consumption, increasing power and fuel costs.
- The company faces competitive pricing pressures in key markets like Telangana, affecting their pricing strategy.
Ladies and gentlemen, good day, and welcome to Orient Cement Limited Q3 FY24 results earnings conference call hosted by ICICI Securities. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Harsh Mittal from ICICI Securities. Thank you, and over to you, sir.
Thank you, Ria. Good afternoon, everyone. On behalf of ICICI Securities, I welcome you all to the Q3 FY24 earnings call of Orient Cement Limited. From the management we have with us MD and CEO, Shri. Desh Deepak Khetrapal. So without any further ado, I hand over the call to Mr. Khetrapal for his opening comments. Over to you, sir.
Thank you, Harsh. And a very warm welcome to all the participants in this call. And as usual, I'm grateful to all of you that you show interest in our company and spare time for coming on this call. I know we have got a few minutes
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
