Sharekhan has come out with its second quarter (July-September’ 19) earnings estimates for the Cement/Infra/Building Materials sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs. 60 crore down 3% year-on-year (down 6.8% quarter-on-quarter).
Net Sales are expected to increase by 3.7 percent Y-o-Y (down 9.6 percent Q-o-Q) to Rs. 792 crore, according to Sharekhan.
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Sharekhan Earnings Estimates - Consolidated
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