UltraTech Cement posted better-than-expected third quarter earnings Saturday but Murtuza Arsiwalla, analyst at Kotak Institutional Equities is not too optimistic on the stock right now due to its rich valuations.
In an interview to CNBC-TV18, N Ramanathan, MD of Ponni Sugars spoke about the results and his outlook for the company.
Cement prices have firmed up in the past one month, and Heidelberg has taken a price hike of about Rs 5-10 per bag, says Jamshed Naval Cooper, CEO and MD, HeidelbergCement India.
During the period, EBITDA may fall 23 percent at Rs 137 crore versus Rs 178.5 crore while operating profit margin may stand at 56.4 percent versus 51.8 percent year-on-year.
In Q3 EBITDA may grow 87 percent at Rs 450 crore versus Rs 240 crore while operating profit margin (OPM) may stand at 10.4 percent versus 7.1 percent (YoY).
Analysts polled by CNBC-TV18 say topline may dip due to weak realisations though volume growth is expected. Sales volumes may grow 3 percent (YoY) to 5.6 metric tonnes.
Suresh Kris of Brigade Enterprises says the company will do well in H2FY16 vis a vis H1.
Weak domestic steel demand and higher steel imports are likely to drag JSW Steel's July-September quarter results. The company is expected to report net loss at Rs 150 crore in Q2FY16 from a net profit of Rs 750 crore in corresponding quarter last fiscal, according to a CNBC-TV18 poll.
DP Deshpande, MD of Tata Sponge, says the primary reason behind the disappointing numbers is that realisations in the market have dropped. He does not see the situation in terms of demand for sponge iron improving dramatically in the next three to six months.
Baheti expects domestic realisations to improve by 5 percent this year and overseas realisations by 15-20 percent
Analysts say realisations and volumes will get hit owing to weak global demand. Lower steel realisations will be seen in India as well as Europe while cheap imports from China and from neighboring European nations will impact.
The company has paid Rs 15 crore upfront on signing the deal, says Ashish Puravankara, Managing Director of Puravankara Projects in an interview to CNBC-TV18.
Speaking to CNBC-TV18's Latha Venkatesh & Ekta Batra, Suresh Kris, CFO, Brigade Enterprise, says the last quarter is likely to be better than Q3 and the company will launch about 3.3 million square feet projects across all segments.
Mumbai-based Poddar Developers intends to stick it out for the long haul in the low-income housing business. After all, it could be the next big realty thing given a 24.7 million unit shortage.
Dinesh Gupta, chief operating officer, Ansal Properties & Infrastructure says the company's slow moving project in Greater Noida is responsible for the boost seen in topline.
Sobha Developers plans to enter markets like Kochin, Bangalore, Trichur, Chennai in the coming 2-3 months, JC Sharma.
Maruti Suzuki sold 2.66 lakh passenger cars last quarter, down 10 percent year-on-year. But favourable forex rates boosted export realisations and thus helped control decline in net sales to 5 percent.
After posting double standalone net profit, Prestige Estates Projects plans to launch a couple of new projects, says Irfan Razack, CMD of the company. He feels the realisations of the company that have crossed Rs 6,000 a square feet will be sustainable for FY14 as well.