Shree Cement's standalone PAT seen at Rs 222 crore
Analysts expect EBIDTA per tonne to increase YoY. Power sales are seen declining marginally while cement volumes may decline by 2-3 per cent, YoY.
MUMBAI: Shree Cement’s standalone net profit for the quarter ended March 2013 is seen at Rs 222 crore, up 276 per cent, compared to Rs 59 crore in the corresponding quarter last fiscal due to low base effect and depreciation method, says an ET Now poll.
Net sales for the quarter are seen up 19.6 per cent at Rs 1,506 crore as against Rs 1,258.5 crore in the corresponding quarter last fiscal.
EBIDTA is seen at Rs 400 crore, up 20 per cent, against Rs 333 crore, year-on-year (YoY).
EBIDTA margins are seen at 26.54 per cent vs 26.49 per cent, YoY.
Analysts expect EBIDTA per tonne to increase YoY. Power sales are seen declining marginally while cement volumes may decline by 2-3 per cent, YoY. Growth in realizations is expected to be offset by higher input cost. Merchant power sales are estimated at 750 million units vs 783 million units, YoY.
At 11:45 am, the stock was at Rs 4,341.70, up 0.41 per cent, on the BSE. It touched a high of Rs 4,378.15 and a low of Rs 4,303.50 in trade today.
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