Ambuja Cement Q4 Review - Valuations Appear Fair: Dolat Capital
Ambuja Cement shop exterior (Photo: BloombergQuint)

Ambuja Cement Q4 Review - Valuations Appear Fair: Dolat Capital

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

Ambuja Cement Ltd.’s revenue, adjusted profit after tax and volumes were above estimates whereas realizations and Ebitda/tonne in line.

The company posted 12.1% YoY growth in revenue to Rs 35.2 billion due to 7.2% YoY volume growth to 7.0 million tonne and up 4.6% YoY (down 0.3% QoQ) realization growth to Rs 5,014.

Ebitda increased by 40.3% YoY to Rs 7.7 billion and adjusted profit after tax increased by 65.7% YoY to Rs 5.0 billion.

The company has declared dividend of rupee one per share along with an interim dividend of Rs 17/share in Oct-20, resulting in huge cash outflow Rs 36.6 billion in CY20.

Click on the attachment to read the full report:

Dolat Capital Ambuja Q4CY20 Result Update.pdf

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