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    HomeNewsBusinessEarningsIndia Cements Q4 profit seen down 40%, volume may grow over 5%

    India Cements Q4 profit seen down 40%, volume may grow over 5%

    Sales volume is likely to grow by more than 5 percent on a low base seen in Q4FY15. Weak pricing environment in Andhra Pradesh and Maharashtra may hurt realisations.

    May 26, 2016 / 11:17 IST
     
     
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    India Cements' fourth quarter profit is likely to fall 40 percent to Rs 22 crore and revenue is seen flat at Rs 1,044 crore compared to corresponding period of last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

    Operating profit is expected to decline 10 percent to Rs 181 crore and margin may contract 190 basis points to 17.3 percent YoY.

    Sales volume is likely to grow by more than 5 percent on a low base seen in Q4FY15. Weak pricing environment in Andhra Pradesh and Maharashtra may hurt realisations.

    Key issues to watch out for-Visibility on Andhra Pradesh demand recovery-Demand and pricing outlook, especially in South India-Timeline and capex plan over Tamil Nadu expansion of 2.6mt

    first published: May 26, 2016 08:17 am

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