UltraTech Cement Q3 Results Review - Sequential Flat NSR Anchored Ebitda At Rs 900/Tonne: Yes Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.UltraTech Cement Ltd. delivered a volume growth of up 12% YoY to 25.9 millio tonne (up 4% above our estimate) coupled with strong net sales realisation of Rs 6002/tonne (up 7% YoY) translates in revenue of Rs 155.2 billion up by (up 20% YoY; inline our estimate) in Q3 FY23. Ebitda and profit after tax came 5% and 8% below our estimate to Rs 23.4 and 10.6 billion respectively and declined by 4% and 38% YoY due to escalated cost but sequentially improved by up 25% and up 40% on account of peaked operating cost. For the quarter, Ebitda for UltraTech Cement confined to Rs 903/tonne (down 14% YoY and up 12% QoQ) versus our estimate of 985/tonne owing to sequential flat NSR, despite moderating operating cost. Considering nine months-FY23 consolidated volume sales of 74 million tonne, we have increased our estimate to 102.5 million tonne (versus 98.2 million tonne earlier) that takes our revenue estimates up by 7% for FY23E. .Click on the attachment to read the full report:.More Research Reports On UltraTech Cement's Q3 FY23 Results Review.Higher Utilisation Comforting; Profits To Improve: Motilal OswalHigher Than Expected Energy Costs Lead To Miss: ICICI SecuritiesMargins Up Despite Input Cost Pressure: SystematixMargin To Further Improve: IDBI Capital.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

UltraTech Cement Q3 Results Review - Sequential Flat NSR Anchored Ebitda At Rs 900/Tonne: Yes Securities

Ebitda and profit after tax came 5% and 8% below our estimate to Rs 23.4 and 10.6 bn respectively and declined by 4% and 38% YoY.

Choose a plan