Birla Corp Q1 PAT seen up 73.5% YoY to Rs. 147.9 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Cement sector. The brokerage house expects Birla Corp to report net profit at Rs. 147.9 crore up 73.5% year-on-year (up 74.1% quarter-on-quarter).

Net Sales are expected to increase by 6.6 percent Y-o-Y (down 4.6 percent Q-o-Q) to Rs. 2,350 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 44.3 percent Y-o-Y (up 36.4 percent Q-o-Q) to Rs. 374.2 crore.

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