Dolat Capital: Ambuja Cement Delivers Multi-Quarter High Ebitda/Tonne
Motorbike rides past Ambuja Cements India Ltd. billboard in Nashik, India (Photographer: Dhiraj Singh/Bloomberg)

Dolat Capital: Ambuja Cement Delivers Multi-Quarter High Ebitda/Tonne

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. 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 results were above estimates on all fronts particularly on Ebitda, Ebitda/tonne and adjusted profit after tax.

Ambuja Cement posted 27% YoY de-growth in revenue to Rs 21.8 billion due to 28.0% YoY volume de-growth to 4.2 million tonne and 1.3% YoY (5.8% QoQ) realization growth to Rs 5,195.

Ambuja Cement’s network optimization gained momentum due to acceleration of Master Supply Agreement (MSA) with ACC Ltd. Economic activities have picked up post government's decision to unlock the country. Cement demand is also expected to rebound on account of normal monsoon, various policy support measures taken to enhance rural and agricultural incomes. Further, continued spend on infrastructure development and affordable housing is expected to boost demand growth in the mid-term.

Click on the attachment to read the full report:

Dolat Research Ambuja (Q2CY20 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 brokerage 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.