Preview: Ambuja Cements Q3 PAT seen up 93.5% to Rs 331 cr

NEW DELHI: Ambuja Cements Ltd is slated to come out with its third quarter results for calendar year 2012 on Thursday. The cement major is expected to report a 93.5 per cent YoY growth in its net profit numbers for the third quarter of calendar year 2012 to Rs 331 crore from Rs 171 crore reported in the year ago period, according to ET NOW estimates.

EBITDA is seen at Rs 551 crore, or a 66 per cent jump, in the third quarter of calendar year 2012 compared to Rs 319 crore in the year ago period. EBITDA margins are also likely to grow to 24.57 per cent from Rs 17.67 per cent in the year ago period.

Net sales for the cement major are likely to grow by 20 per cent to Rs 2163 crore for the quarter, from Rs 1805 crore reported in the year ago period.

Factors to watch:

Company expected to post good numbers due to good volume growth and strong pricing in western market

Seasonally a better monsoon quarter for cement companies

Sequentially realizations, EBIDTA, volume to decline due to monsoons

EBIDTA/tonne to decline QoQ due to increase in cost

Lower than expected price decline in cement prices YoY owing to weak monsoons

Higher cement prices to aid to aid realizations and EBIDTA

Realization seen up by 20-25 per cent YoY to Rs4600/ton

Watch out for if any adjustment and increment in royalty payment to Holcim