Ashoka Buildcon Q1 PAT seen up 12.7% YoY to Rs. 72 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Road & Construction sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs. 72 crore up 12.7% year-on-year (down 31.4% quarter-on-quarter).

Net Sales are expected to increase by 61.7 percent Y-o-Y (down 15.4 percent Q-o-Q) to Rs. 1,105.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 76.8 percent Y-o-Y (down 20.7 percent Q-o-Q) to Rs. 143.7 crore.

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