ICICI Securities has come out with its first quarter (April-June) earnings estimates for the India Cement sector. The brokerage house expects Dalmia Bharat to report a 43 percent degrowth quarter-on-quarter (growth of 56.9 percent year-on-year) in net profit at Rs 65 crore.
Net Sales are expected to decrease by 2.5 percent Q-o-Q (up 14.4 percent Y-o-Y) to Rs 1834.3 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.2 percent Q-o-Q (up 20 percent Y-o-Y) to Rs 469.8 crore.
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