Ultratech Cement - Leader’s Performance; Hurdles To Continue Waning: Centrum Broking
A worker puts cement on a brick before installing it on a building. (Photographer: Patrick Fallon/Bloomberg)

Ultratech Cement - Leader’s Performance; Hurdles To Continue Waning: Centrum Broking

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.

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.

Click on the attachment to read the full report:

Ultratech Cement Q3FY21 Result Update.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 brokerage and do not represent the views of BloombergQuint.

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