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Last Updated : Jan 28, 2017 04:33 PM IST | Source: CNBC-TV18

Shree Cement Q3 profit seen up 143%, volume growth may be 4%

Shree Cement's third quarter profit is expected to increase sharply by 143 percent year-on-year to Rs 250 crore on strong operational performance.

 
 
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Shree Cement's third quarter profit is expected to increase sharply by 143 percent year-on-year to Rs 250 crore on strong operational performance.


Revenue during the quarter may grow 11 percent to Rs 2,022 crore from Rs 1,828 crore on sales volume growth and realisation, according to average of estimates of analysts polled by CNBC-TV18.


Operating profit is seen rising 24 percent year-on-year to Rs 530 crore and margin may expand 290 basis points to 26.2 percent in the quarter gone by.

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Amongst large companies, Shree Cement is the only company who is likely to deliver sales volume growth. Analysts expect Q3FY17 cement volumes to grow 4 percent YoY (up 7 percent QoQ) to 4.92 million tonnes (including clinker), led by ramp up of new capacity in eastern market.


Realisations may increase 5-6 percent on yearly basis.


Cement EBITDA per tonne is expected to be at Rs 1,010, up 26 percent YoY (but down 22 percent QoQ) owing to strong realisations & marginal increase in costs. Higher pet coke prices may hurt EBITDA per tonne on sequential basis.


Key issues to watch out for would be volume and pricing recovery for North India; update on scale-up of recently commissioned units in East and new expansion plan.

The stock rallied 22 percent from lowest level touched in November due to demonetisation.

First Published on Jan 28, 2017 04:33 pm
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