Moneycontrol
Oct 15, 2016 10:28 AM IST IST | 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.


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.

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