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Ambuja Cement Q3 PAT seen up 106.5% YoY to Rs. 368.9 cr: ICICI Direct

Net Sales are expected to increase by 4.8 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 2,738.8 crore, according to ICICI Direct.

October 10, 2019 / 11:39 AM 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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ICICI Direct has come out with its third quarter (July-September’ 19) earnings estimates for the Cement sector. The brokerage house expects Ambuja Cement to report net profit at Rs. 368.9 crore up 106.5% year-on-year (down 10.6% quarter-on-quarter).


Net Sales are expected to increase by 4.8 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs. 2,738.8 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 56.5 percent Y-o-Y (down 14.2 percent Q-o-Q) to Rs. 560.4 crore.


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