Ambuja Cement Q4 Review - Valuations Appear Fair: Dolat Capital
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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.
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