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Ambuja Cements Q3 CY21: Rock solid performance

While the demand is on the mend for Ambuja Cements, the scarcity of imported coal/pet coke and surging costs could lead to industry-wide production cuts and margin compression

October 27, 2021 / 08:25 AM IST
Ambuja Cements Q3 CY21: Rock solid performance

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The third-quarter results of Ambuja Cements were decent and in-line with the recovery in economic activity. The growth momentum remains intact through the end of the year, although margins may be under pressure because of the steep hike in input costs. Quarter result highlights Ambuja Cements reported revenues of Rs 3,237 crore in Q3 CY21. The subsiding impact of Covid-19 and an improvement in the vaccination rate led to a healthy rise in demand across all end-markets.  The volumes for the...

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