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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Result Update on Madras Cements for 4QFY2012 with aNeutral recommendation.
For 4QFY2012, Madras Cements (MC) posted 55.5% yoy growth in its net profit to `99cr, which was marginally below our estimates. Net profit growth was aided by 16.8% yoy growth in volumes to 2.13mn tonnes and 13.7% yoy growth in realization to `4,250/tonne. However, on a sequential basis, the company’s realization remained flat. We remain Neutral on the stock.
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