Ambuja Cements Q1 Review - Strong Show But Fair Valuation: Dolat Capital
Ambuja Cement Signboard on a shop. (Photo: BloombergQuint)

Ambuja Cements Q1 Review - Strong Show But Fair Valuation: 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 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.

Click on the attachment to read the full report:

Dolat Capital Ambuja Cement Q1CY21 Result Update.pdf

DISCLAIMER

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.