Ambuja Cements reported a strong set of numbers, broadly beating I-direct estimates. Topline growth came in at 9.5% YoY to | 3,136 crore (I-direct estimate: | 3,005 crore), mainly led by 6.7% volume growth to 6.54 MT (Idirect estimate: 6.12 MT). Realisation grew 2.7% YoY to | 4,795/t (I-direct estimate: | 4,910/t). Profitability improved led by higher realisations and controlled production costs. EBITDA margin was at 17.5%, expanding 335 bps YoY (I-direct estimate: 17.5%). EBITDA/t for the quarter increased 27% YoY to | 837/t (I-direct estimate: | 860/t). Total costs per tonne by 1.4% YoY mainly driven by reduction in P&F; and freight costs, offset partly by higher...