Ambuja Cements Q3 Results Review - Reclaiming Market Share With 140 mtpa Target: Yes 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..Yes Securities Report.Ambuja Cements Ltd.'s reported a healthy performance, where revenue grew by 8% Y/Y aided by +7% Y/Y volume growth and 1% Y/Y net sales realisation growth in Q3 FY24. Raw material cost/tonne surged by 42% YoY due to higher clinker transfer because of maintenance shutdown during the quarter.Despite that, the total cost/tonne decline by 4% YoY aided by eased power cost/tonne by 34% YoY translates in Ebitda of Rs 1038/tonne (plus 28% YoY). Ebitda/profit after tax grew by 36/19% Y/Y to Rs 8.5/5.1 billion in Q3 FY24. Under new management, Ambuja Cements targets to reach 140 million tonnes per annum by FY28E to regain the lost market share. In this endeavor, Ambuja Cements is adding 19.6 mtpa of cement capacity with 10.25 mtpa clinker.Moreover, with the Sanghi Industries Ltd./Asian Concretes and Cements Private Ltd.'s acquisition, the console capacity to reach 110 mtpa by FY28E.As a result, the incremental volume from newly commissioned capacities will start from FY26E onwards, while standalone volume should grow at ~10% compound annual growth rate over FY24-26E supported by master supply agreement with subsidiaries..Click on the attachment to read the full report:.Budget 2024: Rs 1 Lakh Crore Interest-Free Corpus For R&D In Sunrise Sectors.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 Cements Q3 Results Review - Reclaiming Market Share With 140 mtpa Target: Yes Securities

After removing the inter-segmental volume on console level, Ambuja Cements volume grew by 3% YoY in Q3 FY24.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Ambuja Cements Q3 Results Review - Reclaiming Market Share With 140 mtpa Target: Yes Securities

After removing the inter-segmental volume on console level, Ambuja Cements volume grew by 3% YoY in Q3 FY24.

Choose a plan

Follow Us

DOWNLOAD THE APP