Ambuja Cement Q2 Review – Consistent Performance, Expansion Visibility To Drive Re-Rating: 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

Ambuja Cement Ltd. delivered strong beat on both our and consensus estimates for the sixth consecutive quarter.

Ebitda grew 61% y-o-y (down mere 2% q-o-q despite 11% fall in volumes) at Rs 9.6 billion with a beat of 8%/23% on our/consensus estimate.

Lower than expected costs drove the beat. Operations show massive turnaround over last one year, way above our expectation.

We credit entire of the revival to Ambuja Cement’s new leadership.

This is manifested by multifold increase in volumes under master supply agreement, sharp acceleration in investments on waste heat recovery plants and other efficiency enhancement programs (Parvat project), aggressive volume push, new expansion plans and rejuvenated work culture.

Click on the attachment to read the full report:

Prabhudas Lilladher 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 :
editorpen Governmental News Finance News

Source link

Back to top button