Published on 19/02/2021 12:23:33 PM | Source: Angel Broking Ltd
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Below are Quote On Ambuja Cement 4CY20 By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
For Q4CY20, Ambuja Cements revenue increased by 4.6% YoY to ₹7,453 cr. On the other hand, net profit registered a strong growth of 34% YoY to ₹968 cr due to improvement in operating margin due to reduction in the cost. Sales volume increased due to strong rural and pent up demand. Overall, numbers were above our expectation in all the fronts. We expect cement demand to be robust in the upcoming quarters due to strong real estate demand coupled with improving infrastructure activity. From an investment point of view, we are bullish on the Ambuja Cements.
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