India Cements Q2 net may fall 87% at Rs 6.6cr: ICICIdirect

ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the cement sector. The brokerage house expects India Cements to report a 60.8 percent degrowth quarter-on-quarter (down 86.6 percent Y-o-Y) in net profit at Rs 6.6 crore.

Revenues of India Cements are expected to decrease by 13.3 percent Q-o-Q (down 4.4 percent Y-o-Y) to Rs 1,073.2 crore, according to ICICIdirect.com.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.2 percent Q-o-Q (down 15.4 percent Y-o-Y) to Rs 173.5 crore.

ICICIdirect.com's Report on India Cements:

Sales volume is expected to remain lower by 8.5 percent Q-o-Q to 2.42 MT in Q2FY14. Cement realisation is expected to decline 1.2 percent Q-o-Q (down 6.2 percent Y-o-Y) to Rs 4139/tonne. We expect EBITDA/tonne to decline 0.8 percent Q-o-Q to Rs 716/tonne mainly due to a rise in power and freight costs.

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