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Earnings To Watch: Ambuja Cement, Ceat, United Phosphorous
Ceat’s capex plans, Ambuja’s volume growth will remain in focus as the companies post earnings today
28 Apr 2017, 09:19 AM IST 
Signage for the Bombay Stock Exchange (BSE) is Displayed Next to a Bronze Bull Statue at the Entrance to the BSE Building in Mumbai (Photographer: Dhiraj Singh/Bloomberg)
The March quarter earnings season is in full swing.
Thursday was a mixed bag for India Inc. with Kiran Mazumdar Shaw-led Biocon Ltd. missing street estimates while Maruti Suzuki Ltd. and Kotak Mahindra Bank managed to meet expectations.
Here are the firms scheduled to report earnings today:
Ceat Q4 Estimates (YoY)
- Revenues seen up 6.2 percent at Rs 1,540 crore versus Rs 1,391 crore
- EBITDA seen down 17.1 percent at Rs 154 crore versus Rs 185.8 crore
- EBITDA margins seen at 10 percent versus 12.8 percent
- Net profit seen down 24 percent at Rs 79 crore versus Rs 103.9 crore
Factors To Watch
- Realizations which are likely subdued owing to decline in supplies to trucks and buses
- Impact of volatility in commodity costs on raw materials, margins
- Expected pick up in supplies to the oil & gas segment
- Update on capital expenditure
Ambuja Cement Q1 Estimates (YoY)
- Net sales seen up 4 percent at Rs 2,511.40 crore compared 2,418.30 crore
- Volume growth seen flat at 5.9 million tonne
- Realisation seen up 3.84 percent at Rs 4256.6 per tonne compared to Rs 4098.8 per tonne
- EBITDA per tonne seen down 9.49 percent at Rs 690 per tonne against Rs 762.4 per tonne
- Net profit seen down by 16.35 percent at Rs 254.10 crore compared to Rs 303.76 crore
Factors To Watch
- Volume growth; peers ACC Ltd. UltraTech Cement surprised on the upside during March quarter.
UPL Q4 Estimates (YoY)
- Revenues seen up 12.8 percent at Rs 4,897 crore against Rs 4,340 crore
- EBITDA seen up 15.6 percent at Rs 1,135 crore against Rs 982 crore
- EBITDA margins seen at 23.2 precent against 22.6 percent
- Net Profit seen up 20.5 percent at Rs 665 crore against Rs 552 crore
Factors To Watch
- Updates on headway in Brazil after macro-economic induced weakness
- Feedback and commentary on farmer’s capacity to by crop protection assuming normal monsoons
- Consolidating presence in India, increasing presence in rest of the world
- Product launches on the horizon
(Estimates are based on consensus of analysts tracked by Bloomberg)