Ambuja Cement (ACL) reported a top line growth of 9.2% yoy on account of improved sales realization. ACL net sales rose to RS 22.02 billion as against Rs 20.18 billion in corresponding quarter last year. However cement volume fell marginally by 1% yoy to 4.67 million.

Commenting on the result, Shrenik Gujrathi, sr. research analyst, cement, Angel Broking, said, ''The EBITDA jumped by 47% yoy to Rs 3.93 billion and EBITDA margin increased by 462bp yoy to 18% on account of strong sales realization and decline in raw material expenses. Bottom line increased by 44% yoy to Rs 2.39 billion. We maintain a neutral rating on the stock.''

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