Ambuja Cements Q4 revenue likely to rise by 12.5% led by volume growth

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ambuja Cements Ltd is set to report its financial performance for the quarter ended March 2024 (Q4 of FY24) on Wednesday (May 1).

In terms of revenue, CNBC-TV18 expects it to rise by around 12.5%, while EBITDA is likely to be up by around 15% on a year-on-year basis. Profitability is also likely to grow by 23%. CNBC-TV18 anticipates the bulk of the top-line growth to be led by volumes which are likely to show a growth of around 14%.

The realisations are likely to be down by around 4%, which is a slightly lower contraction in comparison to its peers as the company doesn’t have exposure to South India where cement pricing was very weak.

Q4 margin could expand a little bit on a year-on-year basis because of operating leverage and lower input costs. The profit after tax (PAT) is also likely to be impacted on account of higher depreciation as well as interest costs. Management commentary on pricing and demand scenarios will be key to watch.

On Tuesday the stock of Ambuja Cements declined by around 1.55% ending the day at Rs 619.90 per share. The Mumbai headquartered company currently has a market capitalisation of Rs 1,52,689.02 crore and has delivered returns of around 47% over the last 6 months.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow