Company’s revenue is expected to be at Rs 7,215 crore in Q2FY25, falling by 3% and 13% on a YoY and QoQ basis, respectively, Nuvama Institutional Equities said in a brokerage note. The core profit after tax (PAT) is expected to be around Rs 564 crore, witnessing a 43% and 29% YoY and QoQ decline.
Its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) figures are estimated at Rs 938 crore, which is a likely 28% YoY and 27% QoQ downtick.
“Volumes are expected to rise 7% YoY. Cement realisations to fall 1.5% QoQ. Overall, EBITDA/t may fall to Rs 674 as against Rs 1,001 in the same quarter previous year due to weak realisations,” Nuvama said in its preview note.
Meanwhile, Kotak Institutional Equities has pegged revenue for the July-September quarter at Rs 3,967, declining by 0.1% YoY and 12.2% QoQ. Company’s PAT is expected at Rs 251 crore, which could be a 61% YoY and 56% QoQ fall. EBITDA is seen around Rs 448 crore, which could plunge by 42% YoY and 31% QoQ while EBITDA margin is pegged at 11.3%, which may fall by 820 bps YoY and 302 bps QoQ.
“We estimate volumes of 8.4 million tons (+10% YoY, -10% QoQ) mainly on account of inorganic capacity additions. We expect blended realizations to decline QoQ by 2.3% (-9.2% YoY) on account of price weakness during the quarter,” Kotak note said.”We expect costs/ton to increase by 1.2% QoQ (flat YoY) due to sequential operating deleverage, partially offset by moderating energy costs. We expect EBITDA/ton to decrease QoQ to Rs 536/ton (-47% yoy, -23% qoq) led by lower prices,” the brokerage said.
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