Chambal Fertilisers' Q3 sales seen up
Jan. 17, 2012
Chambal Fertiliser is slated to post its third quarter earnings. According to Bloomberg UTV research, the company’s net sales are seen up 26%, year-on-year, but net profit is expected to come in lower by 34% at Rs 71 cr.
Chambal Fertiliser’s net sales is forecasted at Rs. 1,706 cr vs Rs. 1,353 cr, up 26%, YoY. However, its net profit is seen at Rs 71 cr vs Rs 107.4 cr, down 34%, YoY. EBITDA is seen at Rs. 181 cr vs Rs 230 cr, down 21%. Margins are expected to contract to 10.6% vs 17%.
Urea volumes expected at 0.56 mn tonne
Margins likely to be under pressure on traded volumes due to rupee depreciation
Shipping & textile performance may turn negative