Shree Cement Q3 profit seen up 33%, volume growth may be at 21%

Shree Cement's third quarter profit is likely to jump 33 percent year-on-year to Rs 125 crore and revenue is seen rising 17 percent to Rs 1,810 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit in Q3 may increased 33 percent Rs 407 crore and margin may expand 270 basis points to 22.5 percent compared to year-ago period.

Shree Cement has changed its reporting year from June to March from FY16.

Factors:-Volume growth is likely to be at 21 percent year-on-year led by capacity addition in Bihar and Chhattisgarh-Realisation is likely to come in lower by 3-5 percent QoQ but flattish with negative bias YoY-North cement prices dipped to 4-month low towards end of 2015-Cement prices fell Rs 40 per bag in November & December due to intense competition and weak demand-Prices were also affected by year-end discounts by MNCs to push volumes