The anticipated progress is basically attributed to sturdy quantity enlargement from current acquisitions, modest value hikes throughout key markets, and improved operational effectivity.
Brokerages estimate gross sales volumes between 12% and 18% YoY greater, pushed by each natural momentum and inorganic contributions.
Kotak expects whole volumes at 34.4 million tonnes, up 11.5% YoY, whereas Motilal and Nuvama additionally attribute the rise to prior acquisitions. Nevertheless, on a like-to-like foundation (excluding acquisitions), Motilal estimates a 6% YoY quantity progress.
This is what to anticipate from Ultratech Q1
Kotak Equities
We consider volumes of 34.4 million tons (+11.5% YoY, -7.3% QoQ) in the course of the quarter led by previous acquisitions. We estimate blended realizations to extend 2.2% QoQ (+2.4% YoY) on account of value hikes in most areas in the course of the quarter. We estimate prices/ton to extend by 2.1% QoQ (-3.6% YoY) led by working deleverage and better gasoline prices. We estimate EBITDA/ton to marginally improve sequentially to Rs 1,274/ton (+32% YoY, +2.8% QoQ) led by value hikes in the course of the quarter, partially offset by greater prices.
Nuvama
Gray cement volumes are anticipated to rise 18% YoY aided by acquisitions. Gray cement realisations to rise 1.75% QoQ. General, blended EBITDA/t might rise to Rs 1,084 as towards Rs 951 in the identical quarter earlier 12 months.
Motilal
Gross sales quantity (consolidated) is predicted to extend 17% YoY, aided by inorganic progress. Nevertheless, on a like-to-like foundation, Ultratech Cement’s quantity progress is estimated at 6% YoY. Blended realization is prone to improve 3% YoY. RMC income is predicted to extend 13% YoY, whereas white cement income is predicted to be flat YoY. Variable value per ton is predicted to be flat YoY and opex/t is predicted to say no 2% YoY. We anticipate EBITDA/t at Rs 1,186 vs Rs 951/Rs 1,126 in 1QFY25/4QFY25. Depreciation/curiosity bills are estimated to extend 37%/90% YoY. Adj PAT is estimated to extend 32% YoY.
Phillip Capital
Quantity progress seen at +12% YoY; -13% QoQ. Blended realisations seen +4% YoY; +4% QoQ. EBITDA/tonne seen at Rs 1,244 (+31% YoY; +10% QoQ).
YES Securities
We estimate blended EBITDA/tn at Rs 1,287 for Q1FY26, up 35% YoY and 14% QoQ. That is pushed by sturdy quantity progress (+31% YoY, +2% QoQ) and value discount (opex/tn down 7.2% YoY and a pair of.9% QoQ), regardless of weak realizations (flat YoY, +1% QoQ). We anticipate realizations from white cement and RMC to offset the muted pricing in gray cement.
(Disclaimer: Suggestions, options, views, and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)
