Cement major Ambuja Cements is scheduled to report its March quarter earnings on April 30. According to Prabhudas Lilladher, the company is expected to report net profit of Rs 312 crore, up 14.8 percent year-on-year, (up 29.2 percent quarter-on-quarter).
Net Sales is expected to increase 6.9 percent Y-o-Y (up 6.9 percent Q-o-Q) to Rs 2,954.5 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to jump 12.1 percent Y-o-Y (up 49.5 percent Q-o-Q) to Rs. 456.7 crore, the report added.
ICICIdirect expects Ambuja Cements to report net profit of Rs 294.8 crore up 8.5 percent year-on-year (down 45.1 percent quarter-on-quarter). Net Sales is expected to increase 4.6 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs 2,995.2 crore. EBITDA is likely to rise 1.7 percent Y-o-Y (up 27.7 percent Q-o-Q) to Rs 515.8 crore, it said.
The infrastructure and the government’s ‘Housing for All’ initiative led to 9 percent growth in the cement industry in CY18, said Motilal Oswal. However, Ambuja Cements' profitability took a hit due to increased raw material and fuel prices, it said. Cash flow from operations before taxes and working capital changes declined 6 percent to Rs 1,810 crore in CY18. The research firm has maintained a neutral stance on the stock.
Emkay Global Financial Services expects Ambuja Cements to report volume growth of 4 percent YoY. It remains underweight on Ambuja Cements.
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