India Cements is expected to turn profitable in March quarter with net at Rs 47 crore against net loss of Rs 30.6 crore in the year-ago period, according to a CNBC-TV18 poll.
Total income from operations is seen rising 4 percent to Rs 1,168 crore during January-March quarter compared to Rs 1,124.7 crore in the same quarter last year. Operating profit may spike 85 percent year-on-year to Rs 220 crore and margin may expand 820 basis points to 18.8 percent in the quarter gone by.
Factors:
Realisations may drive topline led by strong pricing trend in the South India
Sales volumes are expected to decline by around 9 percent Y-o-Y to 2.4 million tonnes from 2.65 million tonnes.
EBITDA may improve due to higher realisations and fall in international coal prices (it imports more than 70 percent of requirement).
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 tonnes
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