Cement major UltraTech Cement is likely to report mute numbers on year-on-year basis, as the cost inflation may have impact on the overall realization of the company, according to the Zee Business research. The company is scheduled to report its third quarter results of this fiscal on Monday. 

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According to senior research analyst Kushal Gupta, the margins, along with profit and operating profit, to see a deep cut, as the index heavyweight may slip to 19.5 per cent from 24.8 per cent YoY. 

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During third quarter of the financial year 2021-22, the company’s profit also may fell by around 25-26 per cent to Rs 1,149 crore as against Rs 1,150 crore in the same quarter a year ago. Operating profit may come at Rs 2,423 crore in Q3FY22 versus Rs 2,945 crore, down 17.7 per cent YoY.  

On the contrary, the revenue may slightly gain by around 5 per cent to Rs 12,405 crore in October-December quarter as compared to Rs 11,831 crore in the corresponding quarter of FY22.  

The analyst says, the volume of the company also likely to 5 per cent during the December-quarter. While realisation may also improve by 10 per cent in Q3FY22. 

The market analyst Jay Thakkar pointed out, a short build up on charts is seen, however, if results surprise then short covering is possible. He added, the stock is currently trading in a range between Rs 7500 per share support at downside and Rs 7,700 per share upside. 

If the counter breaches Rs 7,700 per share, a breakout can be witnessed and then, it is likely to go beyond Rs 8,100 per share, which analyst states it as target. Till then, the profit booking and weakness is possible, Thakkar mentioned. 

At around 1 pm, the stock is trading flat with negative bias to Rs 7,622.04 per share on the BSE, as compared to 0.14 per cent rise in the BSE Sensex.