Moneycontrol
Oct 12, 2017 04:05 PM IST | Source: Moneycontrol.com

Shree Cement Q2 PAT may dip 48% YoY to Rs. 284.6 cr: ICICI Securities

Net Sales are expected to increase by 7.5 percent Y-o-Y (down 14.9 percent Q-o-Q) to Rs. 2157.2 crore, according to ICICI Securities.

 
 
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ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 284.6 crore down 48% year-on-year (down 35.3 quarter-on-quarter).


Net Sales are expected to increase by 7.5 percent Y-o-Y (down 14.9 percent Q-o-Q) to Rs. 2157.2 crore, according to ICICI Securities.


Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 25 percent Y-o-Y (down 26.2 percent Q-o-Q) to Rs. 525.7 crore.


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