Profit

Ambuja Cements, ACC profits may lag estimates: StarMine

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Profits of Swiss cement company Holcim's Indian units, ACC and Ambuja Cements, may lag consensus estimates when they report their October-December quarter results on Thursday, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places a greater emphasis on forecasts by top-rated analysts, expects Ambuja Cements to report a profit of Rs 197 crore for the quarter, compared with a consensus mean estimate of Rs 205 crore.

ACC is expected to post a profit of Rs 184 crore compared with a consensus mean estimate of Rs 191 crore.

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ACC is down 0.91 per cent while Ambuja Cements fell 0.6 per cent.

Copyright Thomson Reuters 2014

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