Ambuja Cements disappointed analysts with its quarterly earnings on Thursday. Profit increased 79.2 percent year-on-year to Rs 277 crore on the back of solid growth in other income.
Ambuja Cements' third quarter standalone profit is seen rising 41.6 percent year-on-year to Rs 220 crore on strong operational performance, according to average of estimates of analysts polled by CNBC-TV18.
The Indian market has been subdued over the last many sessions. In an interview to CNBC-TV18, Sudarshan Sukhani, s2analytics.com says the next level of support for the Nifty is 5,400.
Emkay Global Financial Services has come with its earning estimates of cement sector for June quarter. As per the research firm, cement companies Q1FY13 is expected to post revenue growth of +17% yoy as volumes grow 9.5% yoy while realizations are estimated to post growth of +7.3% yoy.