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Net Sales are expected to increase by 6.6 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 2,350 crore, according to Nirmal Bang.
The sector started the December quarter on a strong note in October but soon lost steam across regions due to extended monsoons and ban on construction in some parts.
Net Sales are expected to increase by 17.2 percent Y-o-Y (up 11.5 percent Q-o-Q) to Rs 1,981.2 crore, according to YES Securities.
Net Sales are expected to increase by 14 percent Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 1,926.6 crore, according to Motilal Oswal.
Net Sales are expected to increase by 3 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 1,766.5 crore, according to Yes Securities.
Cement volumes have been resilient owing to an upswing in infrastructure and housing activities.
Yes Securities also has a buy rating on the stock with a target of Rs 854, implying 110 percent potential upside from current levels as EBITDA was in line with the estimates.
With increasing capacity utilisation across regions, cement prices are expected to firm up after the monsoons and should aid margin recovery, which appears to have bottomed out
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
Motilal Oswal has come out with its earnings estimates on cement sector for December quarter FY13. The research firm expects moderate growth in cement demand in 3QFY13, impacted by a delayed festive season and continued sluggishness in housing and infrastructure.
Cement demand continues to recover, with volumes likely to grow ~11% YoY (~15.5% QoQ) in 4QFY12.
Motilal Oswal has come out with its earning estimates on Cement sector for the quarter ended September 2011. According to the research firm, Birla Corporation September quarter net revenue is expected to go up by 1.4% at Rs 491 crore, year-on-year, YoY basis.
Motilal Oswal has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Birla Corporation quarter sales are expected to go up by 1.5% at Rs 610.9 crore, year-on-year, (YoY) basis.