ACC Q3 PAT seen up 62.1% YoY to Rs. 339 cr: ICICI Direct

ICICI Direct has come out with its third quarter (July-September’ 19) earnings estimates for the Cement sector. The brokerage house expects ACC to report net profit at Rs. 339 crore up 62.1% year-on-year (down 7.3% quarter-on-quarter).

Net Sales are expected to increase by 3.7 percent Y-o-Y (down 10.7 percent Q-o-Q) to Rs. 3,489.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.1 percent Y-o-Y (down 18.5 percent Q-o-Q) to Rs. 487.1 crore.

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