UltraTech Cement Q4 Review - In-Line Performance; Volume Led Beat: Yes Securities

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..Yes Securities Report.UltraTech Cement Ltd. reported volume beat (our estimate: by up 8%) with sequential growth of up 20% aided revenue growth of up 21% (our estimate by up 9%) while net sales realisation was up by up 1% in Q4 FY22.Ebitda/tonne (Rs 1110) stood in-line with our estimates, driven by flat sequential cost/tonne in Q4 FY22. However, strong volume growth beat Ebitda by up 15% while profit after tax was also higher (93%) on account of the tax credits in Q4 FY22. For FY22, UltraTech Cement posted a record volume of 94 million tonne (up 18% YoY; our estimate 92 million tonne) along with healthy net sales realisation (up 8% YoY), bolstering up 18% revenue growth to Rs 526 billion (all time high) and reported Ebitda of Rs 115 billion (flat YoY) due to operating cost increase by up 24% YoY in FY22. .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 Q4 Review - In-Line Performance; Volume Led Beat: Yes Securities

UltraTech Cement Q4 Review - In-Line Performance; Volume Led Beat: Yes Securities

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