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Earnings Estimates: Ambuja Cements’ first quarter profit is seen falling 23 percent year-on-year to Rs 235 crore but revenue may grow 1.1 percent to Rs 2,470 crore, according to average of estimates of analysts polled by CNBC-TV18.
Rising pet coke cost, weak operational performance and slow revenue growth may hit bottomline during the quarter but the company can surprise, especially after better-than-expected earnings by ACC.
Operating profit is expected to dip 12 percent to Rs 396 crore and margin may contract 237 basis points to 16.03 percent compared with year-ago period.
Ambuja Cements, which follows January-December as its financial year, has high exposure to West and North India (contributed 75 percent to sales).
Sales volumes are expected to fall by 1 percent YoY to 5.8 million tonne from 5.86 million tonne as North India sales impacted by demonetisation and elections, but may increase 16 percent sequentially.