INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Cement maker ACC is expected to report a double-digit drop in sales, and lower single-digit fall in March quarter profit
Analysts said healthy cement prices during the quarter will restrict profits from falling much in the wake of production halt towards the
fag-end of the quarter.
Emkay Global projects profit to fall 2.8 per cent year-on-year to Rs 232.20 crore from Rs 238.90 crore a year-ago
Brokerage Elara Capital sees a 3.8 per cent de-growth in profit at Rs 258 crore.
The cement producer will report March quarter earnings on
Monday.
Centrum sees sales dropping 14.6 per cent YoY to Rs 3,289 crore from Rs 3,849 crore, thanks to a 13.9 per cent drop in sales volumes
Emkay expects sales to fall 10.6 per cent YoY to Rs 3,504 crore while Elara Capital sees a 10.8 per cent fall at Rs 3,432 crore.
Centrum
said realisation will stay almost flat at Rs 4,789 per tonne compared with Rs 4,783 a year ago
The brokerage expects Ebitda margin to rise to 17.2 per cent from 13.5 per cent in the year-ago quarter.
Emkay does not see any material
rise in Ebitda margin, which it sees at 13.6 per cent
It projectes Ebitda per tonne at Rs 721 vs Rs 700 YoY.
The cement industry witnessed a gradual uptick in demand and prices during Q4FY20
