KR Choksey has come out with its second quarter (July-September’ 22) earnings estimates for the Cement sector. The brokerage house expects ACC to report net profit at Rs. 236 crore down 47.6% year-on-year (up 3.8% quarter-on-quarter).
Net Sales are expected to increase by 13.1 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 4,241.2 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 48.2 percent Y-o-Y (down 13.4 percent Q-o-Q) to Rs. 369 crore.
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