Ambuja Q3 PAT may dip 27.8% YoY to Rs. 283.3 cr: ICICI Direct

ICICI Direct has come out with its third quarter (July-September’ 18) earnings estimates for the Cement sector. The brokerage house expects Ambuja to report net profit at Rs. 283.3 crore down 27.8% year-on-year (down 6.2% quarter-on-quarter).

Net Sales are expected to increase by 3.3 percent Y-o-Y (up 1.1 percent Q-o-Q) to Rs. 2,953.6 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 22.6 percent Y-o-Y (down 7.6 percent Q-o-Q) to Rs. 503.8 crore.

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