Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

UltraTech Cement gains ahead of June quarter results; PAT seen rising 85%

Brokerage Edelweiss Securities expects the cement maker to report 84.6 per cent YoY jump in profit at Rs 1,165.30 crore.

ETMarkets.com|
Aug 08, 2019, 10.36 AM IST
0Comments
BCCL
Ultratech-1---BCCL
Emkay Global sees profit rising 89.4 per cent to Rs 1,133.10 crore.
NEWDLEHI: Shares of UltraTech Cement rose nearly 1 per cent in Wednesday’s trade ahead of the company‘s June quarter results.

At 9.46 am, the scrip was trading at Rs 4,378.35, up 0.80 per cent.

Brokerage Edelweiss Securities expects the cement maker to report 84.6 per cent YoY jump in profit at Rs 1,165.30 crore. Sales is seen rising 15.4 per cent YoY to Rs 10,274.60 crore while Ebidta margin is seen expanding 618 basis points YoY to 25.2 per cent.

“Since this quarter would show the full impact of the Binani Cement acquisition, we expect the company’s total volume (including white segment) to rise 7 per cent YoY even as the standalone entity's volumes may stay broadly flat. Sharp price hikes across regions are likely to drive a sure of 7 per cent QoQ in grey cement realisations,” the brokerage said.

Emkay Global sees profit rising 89.4 per cent to Rs 1,133.10 crore.

“We expect 7 per cent YoY volume growth to 18.73mt. Blended realisation is expected to improve by 6.9 per cent YoY. Higher volume/realisation should result in revenue growth of 14.4 per cent YoY. We expect opex/ton to stay flat YoY. Higher sales volumes and realisation should lead to Ebitda growth of 48.5 per cent YoY and OPM expansion of 559 bps yoy to 24.4 per cent. Ebitda pertonne is expected to grow by 38.8 per cent YoY to Rs 1,287.

Also Read

Stock market update: Cement stocks mixed; Andhra Cements gains 3%

Stock market update: Cement stocks mixed; Shiva Cement jumps 5%

Stock market update: Cement stocks bullish; Burnpur Cement leaps 5%

Stock market update: Cement stocks advance; Shiva Cement jumps 5%

Stock market update: Cement stocks mixed; Burnpur Cement tumbles 5%

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service