Shree Cements is expected to announce its 3Q FY 2012 results. The company is
expected to post top-line growth of 38.8% y o y to Rs.1,082 Crore. The strong
performance on the top-line front is primarily because of 24.3% growth in cement
realization.
Riding on higher cement realization, the company’s OPM is expected
to expand by 628bp y o y to 25.8%. The company’s bottom line is expected to
grow by 175% y o y to Rs.76 Crore. We maintain our Neutral view on the stock.
Share Review by Angel Broking
expected to post top-line growth of 38.8% y o y to Rs.1,082 Crore. The strong
performance on the top-line front is primarily because of 24.3% growth in cement
realization.
Riding on higher cement realization, the company’s OPM is expected
to expand by 628bp y o y to 25.8%. The company’s bottom line is expected to
grow by 175% y o y to Rs.76 Crore. We maintain our Neutral view on the stock.
Share Review by Angel Broking
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