Cement News

Ultratech Cement q1 Results Preview: UltraTech Cement Q1 Preview: Profit may drop 29% on rise in input cost; sales may rise 20%

is likely to report a 29 per cent year-on-year (YoY) plunge in net profit at Rs 1,214 crore for the June quarter compared with Rs 1,700 crore in the same quarter last year, analysts said in an ET NOW poll.

It is expected that the power and fuel costs for the quarter might have jumped 10-15 per cent, sequentially. Besides, the numbers may show a 5-7 per cent sequential increase in freight cost.

Higher pet coke and thermal coal prices in the past six months are likely to drag the quarterly numbers, the ET NOW poll suggested.

Sales for the cement maker are seen rising 20 per cent YoY to Rs 14,238 crore compared with Rs 11,830 crore in the same quarter last year.

Ebitda is seen dropping 25 per cent YoY to Rs 2,475 crore from Rs 3,308 crore in the year-ago quarter.

Margins are seen shrinking to 17 per cent from 28 per cent in the same quarter last year. Volume for the quarter is anticipated at 23.4 million tonnes. Cement Ebitda per tonne is expected to decline to Rs 1,045 per tonne.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

Source link