Ambuja Cements profit may lag estimates: StarMine

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Ambuja Cements to report a profit of 3.19 billion rupees for the quarter, compared with a consensus mean estimate of 3.42 billion rupees.

July 23, 2013 / 15:55 IST

26 Aug, 2025 12:21

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India's Ambuja Cements Ltd may miss profit consensus forecast for the April-June quarter when it reports results on Wednesday, according to Thomson Reuters StarMine data.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Ambuja Cements to report a profit of 3.19 billion rupees for the quarter, compared with a consensus mean estimate of 3.42 billion rupees.

Credit Suisse also downgraded the stock to "neutral" from "outperform" on Monday, while adding that growth in cement demand in the April-June quarter was weak and it expects profits for Indian cement majors to decline by 25-35 percent for the period.

Shares in Ambuja Cements are down 0.78 percent at 1.55 pm.

first published: Jul 23, 2013 03:55 pm

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