{"id":133611,"date":"2022-08-31T04:08:53","date_gmt":"2022-08-31T08:08:53","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133611"},"modified":"2022-10-06T04:44:01","modified_gmt":"2022-10-06T08:44:01","slug":"ultratech-cement-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ultratech-cement-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"UltraTech Cement Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"UltraTech Cement Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/zdRMGmmSgZY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from UltraTech Cement Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/ULTRACEMCO\/\">ULTRACEMCO<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Sumangal Nevatia from Kotak Securities asked about the inventory and lag in pet coke. Atul Daga CFO replied that it has 50 plus days of inventory at the close of June for pet coke and thermal coke combined.<\/li>\n<\/ul>\n<ul>\n<li>Amit Murarka of Axis Capital asked about the revised FY23 capex guidance and trade mix in 1Q23. Atul Daga CFO replied that the capex will go up, plus minus INR6,000 crore. On the trade mix, it\u2019s 67% for 1Q23 and blended ratio 70%.<\/li>\n<\/ul>\n<ul>\n<li>Indrajit Agarwal with CLSA enquired about replacement cost for the industry. Atul Daga CFO answered that if one has to start from scratch today, on the current prevailing prices, the company would peg it anywhere between plus minus $110-120<\/li>\n<\/ul>\n<ul>\n<li>Indrajit Agarwal with CLSA asked if the company is seeing a bump up in demand, which is generally seen in the pre-election year. Atul Daga CFO answered that there is 20 month left pre-election and there is huge amount of tailwinds for demand.<\/li>\n<\/ul>\n<ul>\n<li>Prateek Kumar of Jefferies asked about overall utilization of 83% and its split region-wise and realizations. Atul Daga CFO replied that north and central would have gone up in double digits, west and east might be 5-6% and south was flat.<\/li>\n<\/ul>\n<ul>\n<li>Prateek Kumar of Jefferies asked about the 15% IRR on expansions post FY26, what unit EBITDA the company is assuming for the expansions. Atul Daga CFO answered that doing a rough calculation INR12,866 crores delivering a ROCE of 15% plus would generate a INR1,400-1,500 crore EBITDA.<\/li>\n<\/ul>\n<ul>\n<li>Prateek Kumar of Jefferies also asked about the exit realizations of June quarter vs. avg. Atul Daga CFO replied that June exit was slightly less. When monsoon starts kicking in, realizations start dropping; about 3-5% lower was the exit from the start.<\/li>\n<\/ul>\n<ul>\n<li>Ashish Jain with Macquarie enquired about the energy cost for June month or first few weeks of July and also the net debt numbers. Atul Daga CFO said that daily it is going up and it\u2019s very volatile. On net debt, it has gone up slightly to INR5,561 crore on a consolidated basis and India is INR4,670 crore.<\/li>\n<\/ul>\n<ul>\n<li>Kamlesh Bagmar from Prabhudas Lilladher asked about Phase 2 expansion, how much blended ration can be expected. Atul Daga CFO answered that the company is currently reaching 70%. On a consolidated basis, the company might see a percentage improvement further.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from UltraTech Cement Ltd (ULTRACEMCO) Q1 FY23 Earnings Concall Q&amp;A Highlights: Sumangal Nevatia from Kotak Securities asked about the inventory and lag in pet coke. Atul Daga CFO replied that it has 50 plus days of inventory at the close of June for pet coke and thermal coke combined. Amit Murarka of Axis [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"UltraTech Cement Ltd Q1 FY23 Earnings Conference Call Insights #ULTRACEMCO #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[9714],"class_list":["post-133611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-cement-producer"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134973,"url":"https:\/\/alphastreet.com\/india\/ultratech-cement-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133611,"position":0},"title":"UltraTech Cement Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 20, 2022","format":false,"excerpt":"https:\/\/youtu.be\/dqHZr1kd_vc Key highlights from UltraTech Cement Ltd (ULTRACEMCO) Q2 FY23 Earnings Concall Q&A Highlights: [00:14:52] Sumangal Nevatia of Kotak Securities enquired that on a consumption basis, how is power and fuel cost shaping up. Atul Daga CFO answered that the company believes July-September quarter was the peak cost and a\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":149758,"url":"https:\/\/alphastreet.com\/india\/ultratech-cement-ltd-q1-fy24-earnings-conference-call-insights\/","url_meta":{"origin":133611,"position":1},"title":"UltraTech Cement Ltd Q1 FY24 Earnings Conference Call Insights","author":"Praveen","date":"July 24, 2023","format":false,"excerpt":"Key highlights from UltraTech Cement Ltd (ULTRACEMCO) Q1 FY24 Earnings Concall Management Update: ULTRACEMCO said it commissioned 4.3 million tons of capacity, reduced net-debt, and completed the first phase of its expansion plan, taking company\u2019s all-India capacity to 131.25 million tons. ULTRACEMCO is prioritizing sustainability and accelerating its green energy\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":168142,"url":"https:\/\/alphastreet.com\/india\/ultracemco-q4-call-highlights-strategic-foray-cement-dominance-and-capex-plans\/","url_meta":{"origin":133611,"position":2},"title":"ULTRACEMCO Q4 Call Highlights: Strategic Foray, Cement Dominance and Capex Plans!","author":"Praveen","date":"April 29, 2025","format":false,"excerpt":"UltraTech Cement Ltd, Largest manufacturer of grey cement and ready-mix concrete (RMC) and one of the largest manufacturers of white cement in India, in its Q4 earnings call discussed that the company is investing INR1,800 crore to enter the cables and wires industry, targeting a 60-40 wire-to-cable mix with 5-7x\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":166605,"url":"https:\/\/alphastreet.com\/india\/ultracemco-q3-2024-2025-call-highlights-volume-growth-strategic-acquisitions-capacity-expansion\/","url_meta":{"origin":133611,"position":3},"title":"ULTRACEMCO Q3 2024-2025 Call Highlights: Volume Growth, Strategic Acquisitions &#038; Capacity Expansion!","author":"Praveen","date":"January 27, 2025","format":false,"excerpt":"UltraTech Cement Ltd., India\u2019s largest manufacturer of grey cement, ready-mix concrete and white cement, in its Q3 earnings call highlighted 10% organic volume growth, with strong performance in North and West regions. 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Ajay Saraogi CFO replied that in the north there was a drop of about INR10-12\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":125031,"url":"https:\/\/alphastreet.com\/india\/ultratech-cement-ltd-ultracemco-q2-fy22-earnings-concall-transcript\/","url_meta":{"origin":133611,"position":5},"title":"UltraTech Cement Ltd (ULTRACEMCO) Q2 FY22 Earnings Concall Transcript","author":"Sahil_Anand","date":"October 18, 2021","format":false,"excerpt":"UltraTech Cement Ltd\u00a0 (NSE:ULTRACEMCO) Q2 2022 Earnings Concall dated Oct. 18, 2021\u00a0 Corporate Participants: Atul Daga -- Business Head, Executive Director & CFO K. C. Jhanwar -- Managing Director Analysts: Sumangal Nevatia -- Kotak Securities -- Analyst Raashi Chopra -- Citigroup -- Analyst Pinakin Parekh -- J.P. Morgan -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=133611"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/133611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=133611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=133611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=133611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}