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Ambuja Cement: Street expects strong Q3CY20 earnings
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Ambuja Cement: Street expects strong Q3CY20 earnings
Oct 21, 2020 9:14 AM

The street is expecting a very strong set of numbers. The topline is expected to grow at around 4.50- 5 percent, the operating profit is expected to see a big growth of nearly around 35-40 percent. This is coming on a low base, but these numbers will look very good.

In terms of margins, CNBC-TV18 poll is working with a number from 22-22.50 percent that compares with margins of less than 17 percent. The profit number as well gets a boost up and that should grow by more than 50 percent.

Volume growth is expected to look good, expect volume growth of around 5-6 percent approximately and it will be led by their main market that is their North market and some exposure to east India.

To know more, watch this video.

First Published:Oct 21, 2020 6:14 PM IST

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