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UltraTech Cement Ltd. delivered a quantity progress of up 12% YoY to 25.9 millio tonne (up 4% above our estimate) coupled with sturdy internet gross sales realisation of Rs 6002/tonne (up 7% YoY) interprets in income of Rs 155.2 billion up by (up 20% YoY; inline our estimate) in Q3 FY23.
Ebitda and revenue after tax got here 5% and eight% beneath our estimate to Rs 23.4 and 10.6 billion respectively and declined by 4% and 38% YoY as a consequence of escalated value however sequentially improved by up 25% and up 40% on account of peaked working value.
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, regardless of moderating working value.
Contemplating 9 months-FY23 consolidated quantity gross sales of 74 million tonne, we’ve elevated our estimate to 102.5 million tonne (versus 98.2 million tonne earlier) that takes our income estimates up by 7% for FY23E.
Click on on the attachment to learn the complete report:
Extra Analysis Reviews On UltraTech Cement’s Q3 FY23 Outcomes Evaluation
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