Will Damanis’ 2nd greatest holding ship wholesome This fall numbers right this moment?


NEW DELHI: India Cements, the place seasoned investor Radhakishan Damani and his brother Gopikishan held over 21 per cent stake as of final accessible shareholding knowledge, is ready to announce its March quarter outcomes in a while Monday.

Analysts largely count on the N Srinivasan-led cement maker to report revenue within the Rs 40-75 crore vary on double-digit gross sales development. Analysts mentioned greater demand in southern markets would help quantity development, whereas cost-saving measures and robust YoY realisations ought to drive working efficiency.

Anand Rathi expects the corporate to report Rs 73.2 crore revenue, up 18 per cent sequentially. The cement maker had reported Rs 111 crore loss for the year-ago quarter. Gross sales are projected to rise 25.Four per cent YoY to Rs 1,444 crore, up 24.5 per cent sequentially. Working revenue margin is seen at 16.Four per cent.

The brokerage expects the corporate to report eight per cent volumes development at 2.86 million tonnes towards 2.65 million tonnes a year-ago. Realisations are seen bettering 16.1 per cent to Rs 5,051 per tonne from Rs 4,352 per tonne YoY. Ebitda per tonne is seen spiking 225 per cent to Rs 828 per tonne from Rs 255 per tonne.

Reliance Securities pegs revenue determine at Rs 75.10 crore, up 21 per cent sequentially. It initiatives Ebitda to rise 244 per cent YoY to Rs 232 crore and gross sales to develop 16.5 per cent YoY to Rs 1,342 crore.

Damani brothers held 21.14 per cent stake within the cement maker as of March 31, which was value Rs 1,328 crore as of Friday’s shut.

Motilal Oswal Securities, in the meantime, has some muted expectations. It sees revenue at Rs 59.50 crore on a 13 per cent gross sales development of Rs 1,301 crore. This brokerage expects March quarter volumes rising mere 1 per cent at 2.68 million tonnes whereas anticipating a flat realisations at Rs 4,849 per tonne. Blended Ebitda per tonne is seen at Rs 776, the brokerage mentioned.

“We estimate India Cements volumes to rise 25 per cent QoQ (up 11 per cent YoY). We additionally estimate realisations to dip 2 per cent QoQ (up 10 per cent YoY). With enhance in gasoline value, estimated Ebitda per tonne will dip 28 per cent QoQ. Nonetheless, as a result of low base, the Ebitda per tonne t might be up 2.5 occasions YoY,” mentioned Edelweiss Securities.

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