BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
UltraTech Cement Ltd.’s Q1 FY22 Ebitda was in-line with our estimate.
Opex/tonne was largely flat QoQ but Ebitda/tonne was higher by 13% QoQ to Rs 1571 led by price hikes.
In Q1 FY22 the company’s capacity utilisation stood at 73% with June 2021 month utilisation at 74%.
UltraTech Cement re-iterated its plan to expand capacity by 19 million tonnes to reach 136 million tonnes by FY23E.
The company’s balance sheet continues to remain lean and net debt/ Ebitda at 0.44 times versus 0.55 times QoQ.
Positive in UltraTech Cement’s business is its leadership position in Indian cement market, balance sheet deleveraging and capacity addition.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.