ACC Q1 PAT seen up 63.7% YoY to Rs. 363.8 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Cement sector. The brokerage house expects ACC to report net profit at Rs. 363.8 crore up 63.7% year-on-year (up 53.8% quarter-on-quarter).

Net Sales are expected to increase by 10.4 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 4,931.2 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 50.1 percent Y-o-Y (up 36.9 percent Q-o-Q) to Rs. 638.3 crore.

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