 "UltraTech Cement hits record high")
UltraTech Cement has moved higher by 4% to Rs 3,008, extending its past two day’s rally on BSE. The stock opened at Rs 2,911 and touched a record high of Rs 3,033 so far.
Shares of the country’s biggest cement maker has outperformed the market by surging 11% in past three trading sessions as compared to less than 1% gain in the benchmark S&P BSE Sensex.
The board of directors of the company is schedule to meet on January 23, 2015, to consider and approve the unaudited financial results of the company for the quarter ended December 31, 2014 (Q3FY15).
Analyst at IndiaNivesh Securities cement companies are likely to benefit positively on margin front in Q3FY15, on account of positive operating leverage from higher volume and decline in coal and diesel prices.
“We expect UltraTech Cement to report 6.1% quarter-on-quarter (q-o-q) top-line growth to Rs 5,760 crore reflecting volume growth of 3% to 10.7 mnt and around 5% growth in cement realization to Rs 5,641/ton,” analyst said in a result preview.
EBITDA margin is likely to expand q-o-q by 55 bps to 14% on account of lower fuel prices (coal & diesel). Consequently, EBITDA/ton is likely to increase to Rs 736/ton (Rs 673/ton in Q3CY14), he adds.
On year-on-year basis, UltraTech Cement to report 27.4% net sales growth and 72% jump in net profit at Rs 455 crore. EBITDA margin is likely to improved by 167 bps.
Shares of the country’s biggest cement maker has outperformed the market by surging 11% in past three trading sessions as compared to less than 1% gain in the benchmark S&P BSE Sensex.
The board of directors of the company is schedule to meet on January 23, 2015, to consider and approve the unaudited financial results of the company for the quarter ended December 31, 2014 (Q3FY15).
Analyst at IndiaNivesh Securities cement companies are likely to benefit positively on margin front in Q3FY15, on account of positive operating leverage from higher volume and decline in coal and diesel prices.
“We expect UltraTech Cement to report 6.1% quarter-on-quarter (q-o-q) top-line growth to Rs 5,760 crore reflecting volume growth of 3% to 10.7 mnt and around 5% growth in cement realization to Rs 5,641/ton,” analyst said in a result preview.
EBITDA margin is likely to expand q-o-q by 55 bps to 14% on account of lower fuel prices (coal & diesel). Consequently, EBITDA/ton is likely to increase to Rs 736/ton (Rs 673/ton in Q3CY14), he adds.
On year-on-year basis, UltraTech Cement to report 27.4% net sales growth and 72% jump in net profit at Rs 455 crore. EBITDA margin is likely to improved by 167 bps.