India Cements is expected to report a loss of Rs 10 crore during October-December quarter against net profit of Rs 42 lakh in same quarter last fiscal, according to a CNBC-TV18 poll.
Total income of the cement maker is seen rising 2 percent to Rs 1,050 crore in Q3FY15 from Rs 1,038 crore in the year-ago period.
Operating profit may decline 6 percent Y-o-Y to Rs 137 crore and margin may slip 100 basis points to 13 percent in the quarter gone by.
Expectations-Analysts expect sales volume to decline 7-8 percent Y-o-Y to 2.15 million tonnes in Q3FY15 due to lower demand in the southern region-Cement realisations are expected to remain flat Q-o-Q due to lower sales volumes-Nothing great is expected with respect to EBITDA per tonne. Key issues to watch out for-Demand and pricing outlook, especially in South India-Timeline and capex plan over Tamil Nadu expansion of 2.6 million tonne.
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