Q1FY23 Preview: UltraTech Cement: Revenue seen at Rs141,651 million, EBITDA at Rs25,023 million

21 Jul 2022 , 11:48 AM

Result date: 22^nd July, 2022
Recommendation: Buy
Target Price: Rs6,325

Analysts at IIFL Capital Services forecast revenue growth of 23.4% for Ultratech Cement in the first quarter of FY23. Revenue is forecasted to be at Rs141,651 million. EBITDA is forecasted to come down year-on-year by 21.1% to Rs25,023 million. EBITDA per tonne in June quarter is likely to come down year-on-year by 31.5% to Rs1,059/ tonne. 

Important management insights to watch out for:

* Further increase in costs of inputs such as power and fuel
* Inability to increase price, in spite of increase in input costs

June 2022 estimates YoY change QoQ change Volume (mMT) 23.6 15.10% -11% Realization (Rs/tonne) 5994 7.20% 4.90% Revenues (Rs m) 1,41,651 23.40% -6.60% Ebitda (Rs m) 25023 -21.10% -15% Ebitda(Rs/tonne) 1059 -31.50% -4.50%

Source: IIFL Research