UltraTech Cement Q3 profits might double
New Delhi: UltraTech Cement Q3 might report 100% year-on-year profit for the December quarter on Friday. While sales remained anticipated to increase between 7% and 17%.
Besides, analysts said that demand for cement has improved in December as construction activity picked up. Also, they added that the management outlook would remain closely watched.
However, Foreign brokerage Nomura expects Ultratech Cement to reach a 122% increase in profit at Rs 848.70 crores. Also, a 7% increase in sales at Rs 10,686 crores. Besides, it anticipates a 3% volume growth for the cement maker.
Despite this, Edelweiss Securities expect the profit of the company to increase by 114% to Rs 866.90 crores. Hence, it might witness revenues increasing by 4.4% to Rs 10,900 crores.
The brokerage stated that they assume a strong blended cement volume to remain flat year-on-year. However, they rose by 4.5% year-on-year. Also, they continued the benefits of benign fuel costs.
Moreover, antique stock broking anticipates a good profit to increase by 85% to Rs 730 crores. Besides, it witnessed sales increasing by 17% to Rs 10,944 crores. Also, EBITDA climbed 44% to Rs 2,077 crores.
However, it estimated cement EBITDA per tonne at Rs 1,125, increased by 45%.