Ambuja Cements Q1 Review - Consistent Performance; Re-Rating To Continue: Prabhudas Lilladher
A worker puts cement on a brick before installing it on a building. (Photographer: Patrick Fallon/Bloomberg)

Ambuja Cements Q1 Review - Consistent Performance; Re-Rating To Continue: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Ambuja Cements Ltd. delivered earnings beat for fifth consecutive quarter.

Ebitda grew 62% YoY at Rs 9.8 billion with a beat of 31%/34% on our/consensus estimates.

The beat was largely driven by lower than expected costs. Management’s aggressive guidance on new expansions (69% increase in capacity to 50 million tonne) and cost reduction reinforces our positive outlook on the company.

Ongoing expansion of 11 million tonne (including 6mnt in subsidiary, ACC Ltd.) and further potential of 15mnt capacity with 5mnt each at the company’s Maratha, Bhatapara and Rabriyawas plants, would help address investor concerns on volume growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Ambuja Cements Q1CY21 Result Review.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.