Rising cost a challenge; new capex plans announced
As expected, increased opex (up 14% YoY) dented profitability. EBITDA fell 26% YoY, while adjusted profit (adjusted for an additional charge on...
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Ambuja Cement: Expansion to Drive Growth Momentum
In the phase II, the company plans to reach over ~50 MT capacity through capacity expansion in western region along with significant de...
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Ambuja Cement: Cost Spike Hits Margin; Targets Major Expansion in East
It also announced major Capex in the east, which along with its north expansion, will increase its capacity to 40mn MT over the next 3-4 years and...
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Ambuja Cements: Strong Performance Delivered Sequentially
We value ACL at 13.5x CY23E EV/EBITDA (including Ambuja stake in ACC with no holding company discount) to arrive at TP of Rs 450/share, implying an...
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HSIE Results Daily Reliance Industries, ICICI Bank, ITC, Ambuja Cement, Mphasis, Persistent System,
HSIE Results Daily Reliance Industries, ICICI Bank, ITC, Ambuja Cement, Mphasis, Persistent System, Indiamart, Federal Bank, Heidelbergcement India...
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