UltraTech Cement Q2 PAT seen down 22% to Rs 605.5 cr: Kotak Sec.

Net Sales are expected to decrease by 8.5 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 5659 crore, according to Kotak Securities.
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Oct 15, 2016, 10.28 AM | Source: Moneycontrol.com

UltraTech Cement Q2 PAT seen down 22% to Rs 605.5 cr: Kotak Sec.

Net Sales are expected to decrease by 8.5 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 5659 crore, according to Kotak Securities.

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UltraTech Cement Q2 PAT seen down 22% to Rs 605.5 cr: Kotak Sec.

Net Sales are expected to decrease by 8.5 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 5659 crore, according to Kotak Securities.

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, Kotak Securities |

Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Cement sector. The brokerage house expects UltraTech Cement to report net profit at Rs 605.5 crore, down 21.9 percent quarter-on-quarter.

Net Sales are expected to decrease by 8.5 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 5659 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.7 percent Q-o-Q (up 24.7 percent Y-o-Y) to Rs 1157.3 crore.

Kotak Securities' report on UltraTech Cement

Modest sequential improvement in realizations (Rs6/bag qoq) owing to strength in prices seen in north and central regions.

We factor in volume growth of 4% yoy, lower than the volume growth reported in
1QFY17.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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UltraTech Cement Q2 PAT seen down 22% to Rs 605.5 cr: Kotak Sec.

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