UltraTech Cement surges 7% on strong operational performance in Q1

Consolidated Ebitda margins improved to 31 per cent in Q1FY21 from 27 per cent in the corresponding quarter of previous year

Shares of UltraTech Cement moved higher by 7 per cent to Rs 4,136 on the BSE on Tuesday after the company reported better-than-expected operational performance in the April-June quarter of FY21 (Q1FY21).

The company reported a consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs 2,353 crore, as against an average analyst estimate of Rs 1,702 crore. Ebitda margins improved to 31 per cent from 27 per cent in the previous year quarter. A volume decline of 22 per cent year on year (YoY) at 14.65 MT was also better than analyst estimates of around 34 per cent.