Ambuja Cements: Higher Cost Impacts Margins; New Capex Announced
ACL reported Volume/Revenue growth of 2%/6% YoY however EBITDA/APAT saw de-growth of 26%/49% respectively on a YoY basis in Q4CY21
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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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Nuvoco Vistas IPO Trading - Tepid Demand
Nuvoco Vistas (NV) raised around US$673m in its India IPO. It is promoted by the Nirma Group and has recently acquired Emami’s cement business.
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