Ambuja Cement Q3 Results Review- Ebitda Miss On Plant Shutdown; New Capacity To Drive Growth: Axis Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Ambuja Cements Ltd.'s reported volume/revenue growth of 6%/8% YoY (above expectations) and Ebitda/profit after tax growth of 36%/39% (below expectation). The company reported a profit of Rs 514 crore up 39% YoY owing to better operating performance.Operational excellence initiatives are aiding in the reduction of operating costs, logistics costs, and expansion of Ebitda margins YoY. The company recorded an Ebitda margin of 19.2% (expectation of 21.9%) against 15.2% YoY.The quarter’s volume stood at 8.2 million tonnes per annum, up 6%/8% YoY/QoQ. Ambuja Cements Ebitda/tonne stood at Rs 1,038 higher by 28% YoY and it reported blended realisation/tonne of Rs 5,414 against Rs 5,362 YoY, up 1%/4% YoY/QoQ.The company’s cost/tonne declined by 4% YoY to Rs 4,376 on account of lower power/fuel and other expenses while it was higher by 4% QoQ owing to higher purchase of stock in trade, plant shutdown during the quarter..Click on the attachment to read the full report:.Budget 2024: No Tax To Be Collected On Overseas Tours Worth Up To Rs 7 Lakh.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ambuja Cement Q3 Results Review- Ebitda Miss On Plant Shutdown; New Capacity To Drive Growth: Axis Securities

Aims to create a capacity of 140 mtpa (Ambuja, ACC and Sanghi combined) by FY28

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