Leading cement companies are expected to report a sharp jump in September quarter net profit on the back of lower base effect and comparatively lower cost.
The cement demand in the September quarter of last year was impacted by the lower spending by the government ahead of general election.
The industry is expected to post a low volume growth of about 4 per cent in the September quarter even while top cement companies registering 56 per cent rise in average EBITDA, said an Emkay Global report.
UltraTech Cement, the largest producer, is expected to report 44 per cent year-on-year (y-o-y) rise in net profit at ₹1,044 crore with sales volume increasing 17 per cent to 32 million tonne. Realisations may remain flat at ₹5,762 (₹5,616) a tonne, it said.
Similarly, Adani Group companies ACC an