UltraTech: Beat on margins fails to excite as volumes disappoint
Cement sales volume increased by merely 2% year-on-year to 17.86 million tonnes
Improvement in margin was primarily driven by higher price realizations
Mumbai: The key positive highlight of UltraTech Cement Ltd’s June quarter earnings is the sharp improvement in operating margin. Cast your eyes on the chart alongside. Ebitda margin surged 26%, exceeding analysts’ estimate of 23-24%.
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