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Chambal Fertilisers' Q3 sales seen upqrcode

Jan. 17, 2012

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Jan. 17, 2012

Chambal Fertilisers' Q3 sales seen up

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%.

Monitorable Factors:

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

Source: Bloomberg

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