Ultratech Q1 Results - PAT seen down 7% at Rs 241 cr

UltraTech Cement is to decalre its Q1FY09 results. Its net sales are seen up at Rs 1480 crore versus Rs 1365 crore. Its OPM aer expected at 29.3% versus 31.8%. Its PAT seen down 7% at Rs 241 crore versus Rs 259 crore. Ultratech * Net sales to be driven by 8% YoY (1-2% QoQ) higher realizations at Rs 3165/ton * Strong growth in RMC business (130% YoY) * Slight decline in volumes expected due to ban on exports for part of the quarter * Slight realizations improvement on account of improvement of product and market mix * Ban on exports and lack of sufficient grinding capacity would lead to a decline in clinker sales (by 60%) * Domestic dispatches are expected to grow by 5% * Cost uptick (in form of energy and freight cost) would be slightly diluted by better realizations * Higher depreciation and interest cost (on account of new capacity) would result in 7% decline in PAT