| Date: |
02-08-2010 |
| Subject: |
India Cements may post 59.10% rise in Q1 net: Angel |
|
India Cements is expected to announce its Q1FY`11 results. Angel Broking expects the company`s net profit to decline by 59.10% to Rs 530 million.
Further according to the brokerage house, the company is likely to register a 2.50% decline in revenues to Rs 9,360 million due to fall in net realisations on account of excess supply situation in the southern region. However, the company`s despatches are expected to grow by 11.5% y-o-y to 2.74 mn tonnes. The operating profit margin is expected to decline by 1,615 basis points to 14.40%.
Shares of the company gained Rs 1.25, or 1.17%, to trade at Rs 107.85. The total volume of shares traded was 64,318 at the BSE (10.37 a.m., Monday).
Source : myiris.com
|