Ambuja Cements, ACC, and other cement stocks in focus after govt slashes GST from 28% to 18%
Other Updates
2 months ago
Shareholding
Holdings
Distribution
Promoter
Foreign Investors
Domestic Investors
Public
From Last Concall
POSITIVES
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Highest ever sales volume of 18.4 million tonnes, up 20% YOY with market share up 2% to 15.5%.
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Revenue crossed 10,000 crores mark at Rs.10,289 crores, up 23% YOY with price gain of 4% supported by higher share of premium products as a percentage of trade sales which is now at 33%, up by 43% YOY.
NEGATIVES
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Near-term cost disruption due to Orient acquisition; quarter shows cost disruption vs March as Orient was not present earlier.
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Significant near-term cash outlays and leverage from acquisitions (Penna, Orient); current cash balance (~₹3,000 cr) contrasts with March-end cash (~₹10,250 cr) and upcoming capex.
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