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.
Centrum Broking Report
Ultratech Cement Ltd. reported in-line Ebitda of Rs 26 billion, down 18% QoQ driven by lower grey cement realisation (down ~2.5% QoQ) and higher operating cost.
The company managed to contain power and fuel cost (up ~3% QoQ), despite sharp increase in coal and pet coke prices, primarily due to low cost inventory.
Ebitda/tonne stood at Rs 1,269, down ~18% QoQ.
Higher volume and better cement realisation (UltraTech Cement took average price hike of Rs 10-15/bag in October) should offset higher fuel cost, thereby improving margins in Q3 FY22.
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