Page 9 - Ambuja Cements

Ambuja Cements slips 7% post September quarter results

According to the management, the demand and realisation were under pressure in western markets owing to heavy floods while Northern markets show strength.

Top stock picks by Religare Broking: Buy Dabur, sell Sept Futures for DLF

Here are the weekly stock recommendations by Religare Broking

Technical calls from HDFC Securities: Sell Axis Bank, Ambuja Cement

Nifty outlook and top trading ideas by Vinay Rajani - Senior Technical & Derivatives analyst, HDFC Securities.

Ambuja improves on operational costs but margins disappoint

May find it tough to grow volumes, given capacity limits; benefit from commissioning of clinker unit only in 2021

Lower realisation, higher cost drags Ambuja Cements's Q3 performance

Muted volume growth expectations keep analysts cautious on CY19 profit growth

Ambuja Cements: Rising volumes fail to mitigate cost pressures, stock falls

Better utilisation and good demand enabled Ambuja's cement volumes grow 9% year-on-year (YoY) to 5.46 million tonnes (MT) in the quarter, ahead of estimates

Profitability drop over input costs drives earning cuts for Ambuja Cements

Rising volumes and some improvement in realisation fail to mitigate cost pressures

Ambuja Cements gains 6% on strong June quarter results

The stock rallied 6% at Rs 222 on the BSE after the company reported a better-than-expected a 27% year on year growth in standalone net profit at Rs 4.99 billion in June quarter.

Ambuja Cements hits 52-week low, falls 11% so far in May

In past one week, the stock declined 7% after the company reported lower than expected 3% YoY volume growth in March quarter.

Ambuja Cements disappoints in Q1 results; stock may remain range-bound

Amid rising costs and limited volume growth outlook, realisation improvement is crucial for profit

ACC, Ambuja Cements trade weak as merger plans put on hold

Ambuja Cements was trading 4% lower at Rs 253, while ACC down 2% at Rs 1,625 on the BSE at 10:23 am.

Strong volumes buoy Ambuja Cements; better cost controls boost performance

Analysts attribute the strong volumes to a better demand scenario in the eastern and northern markets and Gujarat

Strong realisations help Ambuja Cements beat Street estimates in Q2

Higher volumes and realisations helped Ambuja post sales of Rs 2,823 cr, a YoY increase of 11.7%

Strong pricing in western India drives gains for Ambuja Cements

Recently secured long-term supplies of limestone bode well for the firm

Ambuja Cements: Higher costs offset gains from rising volumes

Future volume growth, profitability improvement in rising costs environment key to instil confidence

Ambuja Cements: Higher costs offset gains from rising volumes

Ambuja Cements' performance for the quarter ending March 2017 was no different from its subsidiary, ACC. While sales volumes improved, the pressure of rising costs was well evident. Cement volumes at 6.02 million tonne (MT), up three per cent year-on-year despite a high base, provided some respite and were marginally ahead of expectations. Since December quarter had seen impact of note ban and that volumes had been shrinking year-on-year since June quarter, the sales volumes growth of 20 per cent sequentially (as the note ban impact subsided), however, isn't a surprise. Per tonne realisations at Rs 4,146 were up 2.4 per cent year-on-year but lower by 3.9 per cent sequentially. Consequently, revenues at Rs 2,533 crore grew 5.3 per cent year-on-year and 15.3 per cent sequentially, and came largely in line with Bloomberg consensus estimates of Rs 2,511 crore. However, rising costs have impacted operating performance more than expected. The company said that production costs were ...

Ambuja grapples with return rate

Return on shareholders' funds fell to a two-decade low in 2016 and may remain muted

Ambuja Cements slips 3% post December quarter earnings

Reacting to the development, the stock of Ambuja Cements fell as much as 3% to Rs 232 on the NSE

Ambuja's Q4 net up 60% due to lower taxes and energy costs

Ambuja Cements, part of the world's cement giant LafargeHolcim, has posted a rise of 60 per cent in its net profit for the quarter ended December, 2016 to Rs 160 crore compared with Rs 110 crore in the corresponding previous quarter. Higher profitability was on the back of lower tax charges and lower operating costs due to significant reduction in energy costs of 9 per cent. Ambuja increased usage of pet coke during the October-December quarter to 65 per cent against 50 per cent in the previous year.The company could not eschew the impact of demonetisation. It's net sales dipped 6.75 per cent to Rs 2,197 crore during the quarter against Rs 2,356 crore in the previous corresponding quarter. Further, the company could sell only 5 million tonnes of cement during the quarter - a decline of 8.75 per cent."The short term decline in sales was mainly felt in the last quarter when volumes were down by 9 per cent as a result of cash shortages in the trade segment where Ambuja has a significant .

Ambuja Cement gains nearly 6% on reports of merger with ACC

ACC also rose over 5% to Rs 1,500 on the merger reports