ultratech cement (Emkay) Cement realizations surprise positively

Revenues grow 21% qoq - led by 8.7% qoq jump in cement realizations; EBITDA +44.2% qoq higher than estimates - EBITDA/t at Rs954 + 30%qoq; EBITDA +44.2% qoq higher than estimates - EBITDA/t at Rs954 + 30%qoq; One offs boosts reported net profit to Rs7.26 bn- APAT at Rs5.91 bn +85.5% qoq
Date Rating Target Price Recommendation Price Broker house
27 Apr 2011 reduce 1050 1061 Emkay Report

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