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Q1FY24 Preview: Ultratech Cement: Revenue seen at Rs. 169,782 million, EBITDA at Rs. 29,756 million

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:

  • Demand trends across product segments and markets
  • Pricing action and outlook on input costs, margins
 

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

 

Related Tags

  • Ultratech Cement
  • Ultratech Cement Q1
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