Shree Cements Q2 profit may fall 61% to Rs 85 cr: Poll

Shree Cements' second quarter profit after tax may decline 61 percent year-on-year to Rs 85 crore due to interest, depreciation and tax costs, according to the average of estimates of analysts polled by CNBC-TV18.

Total income is seen rising 18 percent to Rs 1,557 crore during October-December quarter from Rs 1,318 crore in same quarter last fiscal.

The company follows July-June as its financial year.

Operating profit is expected to increase 17 percent on yearly basis to Rs 310 crore but margin may decline 100 basis points to 20 percent in the quarter gone by.

Power business may drag earnings during the quarter, feel analysts.

Shree may report strong growth due to capacity expansion:-Cements sales volumes are expected to increase 11 percent at 3.8 million tonne (double digit expected)-Cement realizations are expected to increase around 5 percent Y-o-Y but that may decline 2 percent Q-o-Q.