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.
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.