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Ambuja Cement Q2 PAT may dip 28.3% YoY to Rs. 358.2 cr: HDFC Securities

Net Sales are expected to decrease by 1.8 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 2,962 crore, according to HDFC Securities.

July 16, 2019 / 05:25 PM IST
Ambuja Cement | MFs' holdings each quarter: Sep - 5.19%, June - 5.17%, March - 4.84% | FIIs' holdings each quarter: Sep - 17.33%, June - 16.51%, March - 16.45% | YTD loss: 21.07% (Image: Company website)

Ambuja Cement | MFs' holdings each quarter: Sep - 5.19%, June - 5.17%, March - 4.84% | FIIs' holdings each quarter: Sep - 17.33%, June - 16.51%, March - 16.45% | YTD loss: 21.07% (Image: Company website)

 
 
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HDFC Securities has come out with its second quarter (April-June’ 19) earnings estimates for the Cement sector. The brokerage house expects Ambuja Cement to report net profit at Rs. 358.2 crore down 28.3% year-on-year (down 4.6% quarter-on-quarter).


Net Sales are expected to decrease by 1.8 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 2,962 crore, according to HDFC Securities.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.6 percent Y-o-Y (up 29.5 percent Q-o-Q) to Rs. 599.7 crore.


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