Ambuja Cements shares in focus ahead of Q2 earnings today. Here's what to expect
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Adani Group-owned Ambuja Cements' shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat to 3% decline over the corresponding quarter of the last financial year. 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 realisation...