Wednesday, October 27, 2021

AMBUJACEM | Q2 RESULTS | ANALYSIS & OUTLOOK

    


Ambuja Cement's Q2 revenue rises to Rs3,193cr on higher volume growth, PAT stood flat

Net Sales during the quarter stood at Rs3,193 Crore compared to Rs2,802cr in the corresponding quarter of the previous year.



Ambuja Cement's standalone net profit was flat to Rs441cr for the quarter ending September 2021 (Q2FY22) period. However, the company registered a volume growth of 5.9%. Net Sales during the quarter stood at Rs3,193crore compared to Rs2,802cr in the corresponding quarter of the previous year.

During the quarter, EBITDA was at Rs703cr showed a growth of 3.2% and Operating EBIT at Rs577cr showed a growth of 4.9%.

In its audit report, Ambuja Cements pointed out that the total operating cost per ton increased due to rising input costs notably in fuel. The operational efficiency programs at the plants along with logistics efficiencies partly mitigated the impact


STOCK OUTLOOK

342 - 361 is good support zone for making long position . Till avoid for short term entry.

long term still intact and hold.


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