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. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.