Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Building Materials sector. The brokerage house expects APL Apollo Tubes to report net profit at Rs 98 crore up 72.2% year-on-year (down 25.9% quarter-on-quarter).
Net Sales are expected to increase by 26.7 percent Y-o-Y (down 8 percent Q-o-Q) to Rs 2,393 crore, according to Sharekhan.
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