Indian cement major Ambuja Cements is set to announce its third-quarter results on Friday. The stock has corrected around 25 percent from the peak that we saw earlier this year. Here's what to expect from the company today:
- The revenue is expected to more or less flat with a negative bias.
- Volumes are expected to witness a de-growth of 3 percent, 5.3 million tonnes.
- Operating profit is likely to grow at 30 percent YoY. This would mean that the margins will expand by roughly around 400-500 basis points.
- The profit number is likely to surge by more than 50-60 percent.