homeearnings NewsUltratech Cement Q3FY24 revenue may rise by 7% aided by higher realizations and lower input costs
Ultratech Cement Q3FY24 revenue may rise by 7% aided by higher realizations and lower input costs
In its recently published Q3 business update, Ultratech Cement highlighted a 6% YoY increase in consolidated sales to 27.32 million tonnes. Key factors for the stock's performance moving forward include management commentary on pricing, demand, and expansion plans.
Aditya Birla Group's flagship company, Ultratech Cement, is set to announce its Q3 earnings for the period ended December 31, 2023, on Friday, January 19.
According to a CNBC-TV18 poll, revenue is expected to increase by 7.3% to ₹16,649 crore compared to ₹15,520.93 crore in Q3FY23.
EBITDA is anticipated to grow by 37% to ₹3,209 crore, with the margin projected to rise from 15.05% to 19.27% on a year-on-year basis.
In its recently published Q3 business update, Ultratech Cement highlighted a 6% YoY increase in consolidated sales to 27.32 million tonnes.
Sequentially, pan-India cement realizations are predicted to rise by 2%, and the EBITDA margin is expected to benefit from higher realizations and reduced input costs.
Key factors for the stock's performance moving forward include management commentary on pricing, demand, and expansion plans.
On Thursday, Ultratech Cement's stock rose by 0.40%, closing at ₹9,894.20 per share. The Mumbai-based company boasts a market cap of ₹2,85,577 crore and has delivered returns of approximately 18% over the last six months.
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