YES Securities has come out with its fourth quarter (January-March’ 21) earnings estimates for the Cement and Building Materials sector. The brokerage house expects Birla Corporation to report net profit at Rs 191.8 crore down 1.5% year-on-year (up 29.2% quarter-on-quarter).
Net Sales are expected to increase by 17.2 percent Y-o-Y (up 11.5 percent Q-o-Q) to Rs 1,981.2 crore, according to YES Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 29.2 percent Y-o-Y (down 30 percent Q-o-Q) to Rs 398.2 crore.
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