BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Results were above estimates on all fronts.
ACC Ltd. posted 0.3%/ 20.6%/ 21.0% YoY growth in revenue/ Ebitda/ profit after tax to Rs 35.4 billion/ Rs 6.7 billion/ Rs 3.6 billion in Q3 CY20 led by 0.8% YoY volume growth coupled with 3.8% YoY realisation growth (down 2.7% QoQ).
We expect 5.1%/ 10.5%/ 12.8% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over CY19-22E led by down 11.6%/ 12.6%/ 12.2% volume growth and 3.2%/ 1.5%/ 1.0% cement realization growth in CY20E/ CY21E/ CY22E.
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