IIFL estimates the company’s net revenues to fall to Rs.2,998 crore, at a rate of 2.7% yoy; however, the same is likely to rise 3% qoq.
ACC Ltd, one of the leading cement manufacturers in India, will announce its financial results on April 28 for the first quarter ended March 31, 2016.
IIFL estimates the company’s net revenues to fall to Rs.2,998 crore, at a rate of 2.7% yoy; however, the same is likely to rise 3% qoq.
As per IIFL’s forecast, the company’s net profit for Q1 CY16 is expected to tank to Rs.145 crore, at a rate of 38.6% yoy; however, the same is likely to soar 41.8% qoq.
Operating profit margin is likely to be at 10.8%, with a yoy dip of 898 bps.
According to IIFL, in case of cement, demand saw double-digit growth, but low capacity utilisation and soft prices for most part of the quarter will lead to 13.8% decline in PAT. Although demand is gaining traction in recent months, water shortage issues may slow down activity in the near term. Ultratech is likely to post the best results among large names, whereas ACC and Ambuja will be below par.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on April 28 include ACC, Ambuja Cement, Can Fin Homes, Dabur, Essel Propack, Granules India, HCL Tech, Idea Cellular, Kajaria Ceramics and Tata Elxsi.
ACC Ltd, one of the leading cement manufacturers in India, will announce its financial results on April 28 for the first quarter ended March 31, 2016.IIFL estimates the company’s net revenues to fall to Rs.2,998 crore, at a rate of 2.7% yoy; however, the same is likely to rise 3% qoq.
As per IIFL’s forecast, the company’s net profit for Q1 CY16 is expected to tank to Rs.145 crore, at a rate of 38.6% yoy; however, the same is likely to soar 41.8% qoq.
Operating profit margin is likely to be at 10.8%, with a yoy dip of 898 bps.
According to IIFL, in case of cement, demand saw double-digit growth, but low capacity utilisation and soft prices for most part of the quarter will lead to 13.8% decline in PAT. Although demand is gaining traction in recent months, water shortage issues may slow down activity in the near term. Ultratech is likely to post the best results among large names, whereas ACC and Ambuja will be below par.
Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.
Other key quarterly results on April 28 include ACC, Ambuja Cement, Can Fin Homes, Dabur, Essel Propack, Granules India, HCL Tech, Idea Cellular, Kajaria Ceramics and Tata Elxsi.
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