Ambuja Cements Q3 Results Review


BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Ambuja Cements Ltd.’s performance was impacted by continued cost pressures. Ebitda stood at Rs 3 billion (our estimate: Rs 4.1 billion).

Ambuja Cements’ Ebitda/tonne stood at Rs 433 (our estimate: Rs 594) – the lowest after December 2004, as opex/tonne came in 2% above our estimate due to a sharp rise in other expense. Adjusted profit after tax fell 65% YoY to Rs 1.5 billion (our estimate: Rs 1.9 billion).

We have adjusted our estimates to account for the change in the accounting year (March from December).

On a like-to-like basis, we reduce our CY22/ CY23 Ebitda estimate by 7%/9% and profit estimate by 3%/14%.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime 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 BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Source link

What is your reaction?

In Love
Not Sure

You may also like

Comments are closed.

More in:Business