Ultratech Cement - Q4FY17 Result Review - Kotak Securities Limited

Teena Virmani, Vice President - PCG Research at Kotak Securities Limited views on Q4FY17 Ultratech Cement results

"Ultratech Cement earnings were in line with our estimates. Volumes witnessed a sharp improvement on sequential basis and improvement in blended cement realizations (Rs 4940 per tonne) also aided improvement in EBITDA per tonne on QoQ basis(Rs 957 per tonne). Surprisingly, power and fuel cost per tonne was lower than our estimates and we believe that full impact of higher pet coke prices will be reflected from Q1FY18 onwards. We expect costs to remain high going forward owing to higher power and fuel and freight costs per tonne but improvement in blended realizations going forward is likely to aid margins. We maintain positive view on the company".

Shares of ULTRATECH CEMENT LTD. was last trading in BSE at Rs.4144.35 as compared to the previous close of Rs. 3968.75. The total number of shares traded during the day was 54369 in over 6423 trades.

The stock hit an intraday high of Rs. 4206.8 and intraday low of 3978.3. The net turnover during the day was Rs. 224878668.

Source : Equity Bulls

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