UltraTech Cement may post weak Q3 numbers
DSIJ Intelligence / 20 Jan 2017
UltraTech Cement is expected to post its Q3FY17 numbers on January 21, 2017. The market experts have estimated that the company’s standalone Q3 revenues may witness a dip to the tune of 5.4 per cent to Rs 5,510 crore as against Rs 5826 crore YoY.
UltraTech Cement is expected to post its Q3FY17 numbers on January 21, 2017. The market experts have estimated that the company’s standalone Q3 revenues may witness a dip to the tune of 5.4 per cent to Rs 5,510 crore as against Rs 5826 crore YoY. Its sales are estimated to decline by 4 per cent YoY to 11.15 MT due to the adverse impact of demonetisation. The company's operating profit is likely to fall 9 per cent YoY to Rs 1025 crore. The operating margin may also contract 70 bps to 18.6 per cent on the back of lower realisations.
The company’s standalone profit may fall to Rs 507 crore as against the profit of Rs 508.6 crore YoY. The impact of the increase in petcoke prices may start reflecting on numbers of Q3FY17 to some extent and fully on Q4FY17 results. The company's use of petcoke has increased to 76 per cent in last 1 year.