18 Jul 2023 , 11:26 AM
Result date: 21st July, 2023
Recommendation: Buy
Target price: Rs. 8,800
Strong capacity expansion and robust overall demand could aid performance of Ultratech Cement during the quarter.
The company’s volumes grew 20% over the year-ago quarter, while its realization per ton could decline 3.8%. Consequently, revenue could grow 15.4% as compared to the year-ago quarter.
The company’s EBITDA could grow 1.6% over the year-ago quarter, while EBITDA per ton could decline 15.3%.
Important management insights to watch out for:
June 2023 estimates |
YoY change |
QoQ change |
|
Volumes (m MT) |
29.0 |
19.9% |
(4.9)% |
Realization (Rs./t) |
5,853 |
(3.8)% |
(1.5)% |
Revenue (Rs. mn) |
169,782 |
15.4% |
(6.3)% |
EBITDA/t |
1,026 |
(15.3)% |
(0.4)% |
EBITDA (Rs. mn) |
29,756 |
1.6% |
(5.3)% |
Source: IIFL Research
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