Ambuja Cements Q1 Review - Strong Show But Fair Valuation: Dolat Capital
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Dolat Capital Report
Ambuja Cements Ltd.'s Q1 CY21 revenue, volumes and realization in line however, Ebitda, Ebitda/tonne and adjusted profit after tax beat estimates.
The reported revenue, Ebitda and adjusted profit after tax are historically the highest quarterly number.
The company posted 28.1% YoY growth in revenue to Rs 36.2 billion led by 24.5% YoY volume growth to 7.2 million tonnes and up 2.9% YoY (up 1.3% QoQ) realization growth to Rs 5,051.
Ebitda increased by 61.9% YoY to Rs 9.8 billion and adjusted profit after tax increased by 66.5% YoY to Rs 6.6 billion.
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