Ambuja Cement In New Avatar Of Focus On Growth; Rerating To Sustain: Prabhudas Lilladher
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Prabhudas Lilladher Report
Ambuja Cement Ltd. delivered strong set of Q4 CY20 earnings with 9%/5% beat on our/consensus Ebitda estimates. The beat was driven by better than expected realisations and lower costs.
Management’s strong commentary on new expansions and further cost reduction initiatives reinforces our positive outlook on the company.
Company took a leap forward by aggressive addition of waste heat recovery and solar power capacity. This would make Ambuja Cement rank among India’s top-three cement manufactures on renewable energy’s share from current bottom position.
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