Motilal Oswal expects dispatches to grow 6% YoY to 6.43 million tonnes in 2QCY18, led by volume growth in underlying markets.
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Ambuja Cements is likely to report a profit after tax (PAT) of Rs 350 crore for the September quarter, according to Motilal Oswal’s estimates. Meanwhile, Prabhudas Lilladher expects PAT at Rs 271.7 crore for the quarter under review.
Motilal Oswal expects dispatches to grow 6% YoY to 6.43 million tonnes in 2QCY18 led by volume growth in underlying markets.
“Average realisations are expected to increase 0.7% QoQ to Rs 4,632/tonne due to sequentially strong pricing in key markets of the West. Revenue is likely to grow 4% YoY (and 4% QoQ) to Rs 2,980 crore,” the brokerage house said in its report.
Operating margin is expected to be 16.7%, the report further added.
Prabhudas Lilladher said volume is expected to grow 7.3% YoY at 5.4 million tonnes.
At the close of market hours on Monday, Ambuja Cements was quoting at Rs 205.80, down Rs 2.60, or 1.25 percent, on the BSE.First Published on Oct 23, 2018 08:37 am
