Stockrabit · Analysts
Questions across 5 calls

Andrey Purushottam

Cogito Advisors

UltraTech Cement Limited

UltraTech Cement Limited CC-Feb26.pdf · 2026-01-24
Congratulations on great set of numbers. And I wanted to ask, when I was going through the presentation, I found that your EBITDA is up considerably. But your costs, some have gone up, some have gone down, right? Your raw material costs have gone up and your fuel and logistics costs have gone down. Now given that your net realizations are also slightly lower, can one assume that the increase in EBITDA is almost entirely out of operating leverage? And if that is the case, if you're adding 8 million and 12 million tons capacity in the next quarter/next year, respectively, what can we see as the trajectory and the effect of operating leverage going forward? Could you just lend some color on that?
Okay. So, we basically should see an increase in EBITDA per ton over the next 15 months?

The India Cements Limited

The India Cements Limited CC-Feb26.pdf · 2026-01-24
Congratulations on great set of numbers. And I wanted to ask, when I was going through the presentation, I found that your EBITDA is up considerably. But your costs, some have gone up, some have gone down, right? Your raw material costs have gone up and your fuel and logistics costs have gone down. Now given that your net realizations are also slightly lower, can one assume that the increase in EBITDA is almost entirely out of operating leverage? And if that is the case, if you're adding 8 million and 12 million tons capacity in the next quarter/next year, respectively, what can we see as the trajector y and the effect of operating leverage going forward? Could you just lend some color on that?
Okay. So, we basically should see an increase in EBITDA per ton over the next 15 months?

APL Apollo Tubes Limited

APL Apollo Tubes Limited CC-Nov25.pdf · 2025-10-29
First of all congratulations for an excellent performance with all the headwinds against you, really well done. Thank you and my question I just want to understand Anubhav see from quarter-to-quarter your realization per ton has come down in line with what you also said that steel prices have come down. Now you also said that you took a price increase on a general category in January 2025. So does that mean the increasing EBITDA per ton is also explained by further drop and the more benign raw material price environment, that’s why it has happened. So I am just trying to reconcile these numbers and get an explanation?
So your improved profitability is for the reasons you spoke about earlier, the INR500 ton improvement on account of operating leverage, no ESOP cost and this was one more factor that you had mentioned. So -- and of course, your slight change in value product mix. These are the essential explain a little?

Max Healthcare Institute Limited