Business
STARCEMENT: Q2 revenue rose but profits fell on higher depreciation; Q4 profitability set to improve as new plants stabilize
STARCEMENT: Q2 revenue rose but profits fell on higher depreciation; Q4 profitability set to improve as new plants stabilize
About this update from Star Cement Ltd.
Q2 FY25 saw revenue growth but lower EBITDA and PAT due to higher depreciation from new plant capitalizations. Northeast market outperformed, while outside Northeast faced losses. CapEx guidance was reduced, with key projects delayed by a few months. Profitability is expected to improve in Q4 as new capacity stabilizes.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.