Ultratech Cement - Leader’s Performance; Hurdles To Continue Waning: Centrum Broking
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Centrum Broking Report
UltraTech Cement Ltd. reported strong performance in Q3 FY21 contributed by healthy volume growth (13.8% YoY) without impacting realisation gains (3.8% YoY).
Revenues increased by 18.5% YoY to Rs 118.3 billion (including white cement and RMC segment).
Cost savings continued with 3% decline YoY that helped strong Ebitda gain of 53% to Rs 29.4 billion and Ebitda margins jumped to 24.9% from 19.2% in Q3 FY20.
UltraTech Cement continues its focus on cost control (higher WHRS contribution from FY22 onwards) and improving balance sheet health (debt reduction).
Additionally, capacity market share leadership in all the regions across India immune sit from any regional risk.
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