Key highlights

• The Company reported 111% incline in net profit to Rs 139.99 crore on 18% rise in income from operation to Rs 599.95 crore for the fourth quarter ended March 2021. Total sales volume increased 14.9% to 12.52 lakh tonne, driven by increased demand and base effect of national lockdown for a week in Mar 2020 quarter.

• The Company cement capacity utilization decreased to 72% in FY21 from 87% in FY20, due to increase in capacity to 6.26 mt in March 2020 and lower volume due to COVID-19. The Company cement volume decreased to 4.49 mt in FY21 from 4.71 mt in FY20.

• The Company cement demand was affected in rural as well as urban areas in April'21 and May'21, due to the second covid wave, but cement prices held up during the period due to cost inflation. The Company expects this to continue in the near future too.

• The Company rail and road mix was 53% and 47%, respectively. Coal and petcoke mix for the quarter was 46% and 54%, respectively. Lead distance was 350 kms.

• Current spot price of petcoke is US$140-142/tonne and the company expects this to increase going ahead. To mitigate this, the company plans AFRs such as biomass, increased coal consumption (55-60% of the mix currently) and solar power installation.

• The Company plans a capex of Rs 95 crore in FY22, which includes AFR project at the Narsingarh plant, which will cost Rs 20 crore.