BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Ambuja Cements Ltd.'s Q3 CY21 Ebitda at Rs 7 billion (up 3.4% YoY, down 26.7% QoQ) was 10.3% below our estimates.
Revenues at Rs 32.4 billion were higher by 13.5% YoY led by volume/net sales realisation growth of 5.8%/7.7% YoY.
Cement sales volumes at 6.0 million tonne were up 5.8% YoY and lower by 5.2% QoQ. Cement net sales realisation at Rs 5,322/tonne was up 7.7% YoY and 0.8% QoQ.
Ambuja Cement’s Ebitda/tonne at Rs 1,172 (down 2.3% YoY, down 22.7% QoQ) was 7.8% below our estimates owing to higher-than-expected other unit expenses (Rs 881 versus Rs 776 estimated) and unit logistics costs (Rs 1,325 versus Rs 1,258 estimated).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR