India Cements is expected to announce its 2Q FY 2012 results. We expect the
company’s top line to grow by 20.4% yoy to Rs.1,013 cr, primarily on account of
higher yoy realization on a low base (as the company is primarily a south-based
player and cement prices had collapsed in South India during 2Q FY 2011).
On the operating front, the India Cements’s margin is expected to improve by 11.57% aided by higher realization. The company is expected report net
profit of Rs.31 cr Vs.net loss of Rs.34 cr in 2Q FY 2011.
We maintain our Neutral rating on the stock.
Review by Angel Broking
company’s top line to grow by 20.4% yoy to Rs.1,013 cr, primarily on account of
higher yoy realization on a low base (as the company is primarily a south-based
player and cement prices had collapsed in South India during 2Q FY 2011).
On the operating front, the India Cements’s margin is expected to improve by 11.57% aided by higher realization. The company is expected report net
profit of Rs.31 cr Vs.net loss of Rs.34 cr in 2Q FY 2011.
We maintain our Neutral rating on the stock.
Review by Angel Broking
