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.
Dolat Capital Report
UltraTech Cement Ltd. reported revenue in line; realisation, Ebitda, Ebitda/tonne and adjusted profit after tax above estimates but volumes below estimate.
UltraTech Cement posted 54.2% YoY growth in revenue to Rs 118.3 billion led by 46.9% YoY volume growth to 21.5 million tonne coupled with 5.0% YoY increase (up 6.0% QoQ) in realisation to Rs 5,495/tonne.
Ebitda/profit after tax up 59.2%/ 88.7% YoY to Rs 33.1 billion/ Rs 17.0 billion.
We expect 11.0%/ 11.7%/ 18.3% revenue/ Ebitda/ adjusted profit after tax compound annual growth rate over FY21-23E led by 8.9%/ 7.5% volume growth and 4.0%/ 1.2% realisation growth in FY22E/ FY23E.
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