ambuja cement (Emkay) Better realizations and low costs boost profits

Revenues +11% yoy, price hike help realization jump of 9.2% qoq; Lower RM & Energy costs drive better than expected EBITDA- +95% qoq; APAT at Rs4.07bn grew 90.5% qoq
Date Rating Target Price Recommendation Price Broker house
27 Apr 2011 reduce (from hold) 140 151 Emkay Report

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