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Shrenik Gujrathi of Angel Broking says the ACC‘s volume has declined to 2.5 percent as against the estimated 1 percent fall. On the back of this, Angel Broking will revise its estimate numbers for this company.
In an interview to CNBC-TV18, Navin Sahadeo of Edelweiss Securities shares his expectations from ACC's Q1 result that will be announced on Friday and other cement stocks.
Net sales are expected to decrease by 2 percent Q-o-Q (down 6 percent Y-o-Y) to Rs 2827 crore, according to Emkay Global Financial Services.
Sales are expected to increase by 3.3 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 2981.2 crore, according to Motilal Oswal.
Analysts expect cement volumes to decline in April-June quarter (following weakness in past two consecutive quarters) due to poor sales seen in Southern and Northern markets.
Mihir Jhaveri, auto analyst/ cement analyst at Religare Capital Markets has a hold rating on ACC, with target price at Rs 1560
Cement maker ACC's fourth quarter profit after tax is expected to fall 34.5 percent year-on-year to Rs 180 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Ultratech is also a meaningfully larger company than ACC and Ambuja, says Murtuza Arsiwalla, senior analyst at Kotak Institutional Equities
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
In an interview to CNBC-TV18, Mangesh Bhadang, Research Analyst at Quant Capital shares his outlook on the financial performance of the company in the quarter gone by and the road ahead.
Its total revenue is likely to go up by 9 percent at Rs 2800 crore versus Rs 2569.8 crore, Y-o-Y.
Murtuza Arsiwalla sets a target price of Rs 150 for Ambuja Cements and Rs 1,070 for ACC going ahead.
ACC delivers poor set of numbers
PAT has come in much higher, but that's only because of tax adjustment, Sanjeev Singh of Centrum Broking says. Excluding tax adjustment, the numbers are probably much lower than estimates, he adds.
Mihir Jhaveri, cement analyst, Religare Capital Markets says the cement majors are likely to post USD 1.7 billion profits today.
Cement maker ACC will announce its fourth quarter (October-December) earnings today. The company can consider consolidated numbers due to the merger of RMC subsidiary. ACC consolidated the loss-making RMC business in Q4CY12.
Sales of ACC are expected to increase by 6.8 percent Q-o-Q (down 0.4 percent Y-o-Y) to Rs 2680.5 crore, according to Prabhudas Lilladher.
Speaking to CNBC-TV18, Jaspreet Singh Arora, senior analyst - Cement & Construction - Institution Equity, Anand Rathi says apart from UltraTech‘s deal with Jaiprakash Associates for its cement unit, the cement major has good presence in ancillary business too.
Experts see cement companies facing earnings downgrade on continued pressure on costs and decline in realizations.
Speaking to CNBC-TV18, Mihir Jhaveri, analyst, Religare says the company‘s earnings per share (EPS) are most likely expected to be cut now.
Analysts expect profit after tax to fall 27.7 percent year-on-year to Rs 175 crore and net sales to decline 2.2 percent to Rs 2,500 crore during September quarter, dented by weak demand and lower prices.
According to Kotak Securities, ACC to report a 41.7 percent degrowth quarter-on-quarter (down 39.3 percent Y-o-Y) in net profit at Rs 150.9 crore.
According to Motilal Oswal, ACC may report a 29 percent degrowth quarter-on-quarter (down 26 percent Y-o-Y) in net profit at Rs 184 crore.
After posintg significant decline in profit in Q1, JK Lakshmi Cement said, it is consistently working on efficiency parameters to imporve performance.
ACC has pan India Presence: Feedback from cement dealers suggests that in 1Q FY14, pan-India cement prices were down around 6 percent Y-o-Y