UltraTech Cement Q2 Review - Earnings In-Line; Higher Costs To Keep Margins Under Check: Prabhudas Lilladher

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..Prabhudas Lilladher Report.UltraTech Cement Ltd. reported Q2 FY22 earnings in line with our estimates, largely due to one-time income in other operating income segment. While, costs came significantly above our estimates due to higher other expenses. Ebitda/tonne (Including other operating income) fell 4.5% YoY (down 17% QoQ) to Rs 1,320 (our estimate: Rs 1,355). Excluding of other operating income, Ebitda/tonne fell 10% YoY/22% QoQ to Rs 1,182 (our estimate: Rs 1,285) backed by sound balance sheet and steady cash flows, UltraTech Cement is expanding capacity by 17.5% or 19.5 million tonne over next couple of years along with sizeable investment in high payback and environment friendly renewable power to increase its share to 34% by FY24 from current 14% of overall power requirement..Click on the attachment to read the full report:.DISCLAIMERThis 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.

UltraTech Cement Q2 Review - Earnings In-Line; Higher Costs To Keep Margins Under Check: Prabhudas Lilladher

UltraTech Cement Q2 Review - Earnings In-Line; Higher Costs To Keep Margins Under Check: Prabhudas Lilladher

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