Ambuja Cement Q2 Review – Expansion To Improve Near-Term Volumes: Motilal Oswal

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.

Ambuja Cement Ltd.’s Q2 CY21 results highlight the company’s continued focus on cost reduction, leading to the highest ever Ebitda/tonne of Rs 1,495/tonne.

Volumes were up 53% y-o-y to 6.42 million tonne (estimate- 5.93 million tonne) on account of a lower base.

Ambuja Cement’s specialty product volumes grew 69% y-o-y.

Cement realisation was up 5.3% q-o-q (up 1.7% y-o-y) to Rs 5,206/tonne versus our estimate of Rs 5,163/tonne; blended realisation was up 5% q-o-q to Rs 5,251/tonne (up 1% y-o-y).

The commissioning of the Marwar–Mundwa capacity by September 2021 should drive a 12% compound annual growth rate in volumes over CY20–23E.

Click on the attachment to read the full report:

Motilal Oswal Ambuja Cement Q2CY21 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 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.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button