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Earnings To Watch: Ambuja Cement, Ceat, United Phosphorous

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)

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