UltraTech Cement Q4 Review - Better Show Continues: Dolat Capital
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Dolat Capital Report
UltraTech Cement Ltd. reported results above estimates on all fronts including volume however, realization and Ebitda/tonne in line.
The company posted 32.7% YoY growth in revenue to Rs 144.1 billion led by 28% YoY volume growth to 27.8 million tonne coupled with 3.7% YoY increase (up 1.0% QoQ) in realization to Rs 5,186/tonne.
Ebitda/profit after tax up 50.9%/ 60.4% YoY to Rs 36.9 billion/ Rs 18.1 billion.
The company will continue to witness healthy operating cash flow (average Rs 98.8 billion/year) and free cash flow (average Rs 58.8 billion/year) leading to further deleveraging.
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