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.
ICICI Securities Report
Ambuja Cement Ltd.'s Q4 CY20 standalone Ebitda at Rs 7.7 billion (up 40% YoY) was higher than our estimates led by better than realisation, which remained broadly flat QoQ (up 6% YoY) vs our estimate of 2% QoQ decline.
Accordingly, Ebitda/te increased 30% YoY to Rs1,089/te (I-Sec: Rs1,010/te).
Total cost/te declined 1.5% YoY owing to various operational efficiencies, although it grew 1.7% QoQ due to higher fuel/diesel costs.
Variable cost/te was flat YoY with other expenses/te down 8% YoY.
Click on the attachment to read the full report:
DISCLAIMER
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
