UltraTech Cement Q1 results today; here's what to expect

UltraTech Cement is poised to announce its financial results for the June quarter on Wednesday.

According to Kotak Institutional Equities, industry cement volumes increased 11 per cent Year-on-Year for April-May 2018 on a low base.

The brokerage house expects pan-India companies to report volume growth of 6-8 per cent YoY while UltraTech is also seen to benefit from a ramp-up of acquired assets of Jaiprakash.


UltraTech Cement was up over 1 per cent ahead of its financial results.

Brokerage firm Nirmal Bang Securities expects 40.90 per cent year-on-year fall in adjusted net profit for UltraTech Cement, with 26 per cent and 29.30 per cent rise in revenue and volume, respectively, for April-June.

Sharekhan projected 22.90 per cent YoY fall in net profit for the cement major. However, it sees 21.90 per cent growth in sales in Q1 FY19.

Reliance Securities in a report said, “We expect the companies under our coverage universe to witness an average volume growth of 17 per cent YoY, mainly aided by robust volume growth estimated to be registered by UltraTech Cement (over 33 per cent YoY). Further, average Ebitda is expected to witness de-growth of 11 per cent YoY and 5 per cent QoQ, mainly to be impacted by higher operational cost.”