UltraTech Cement is likely to post net profit at Rs 430 crore in July-September quarter from Rs 410 crore in year-ago period, Lower other income and higher tax are likely to impact Q2FY16, according to a CNBC-TV18 poll.
Total income, during the period, is seen up 2.2 percent at Rs 5550 crore from Rs 5429 crore year-on-year. Volumes are likely to be in the range of 4-5 percent growth, say analysts polled by CNBC-TV18. Volume growth may be mainly led by new capacity addition and JPA’s acquired assets.
Operating profit is seen up 7 percent in Q2FY16 at Rs 941 crore against Rs 877.4 crore on annual basis while operating profit margin may increase 17 percent from 16.2 percent year-on-year.
Realisations are expected to be lower as hikes in north India are seen offsetting by declines in Maharashtra, east and south.
During September quarter, margins may be impacted by lower realisations, annual maintenance shutdown related expense could restrain margin expansion and may be aided by shift of power and fuel mix to petcoke versus coal earlier.
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