HDFC Securities has come out with its first quarter (April-June’ 19) earnings estimates for the Cement sector. The brokerage house expects Deccan Cement to report net profit at Rs. 18.2 crore up 60.4% year-on-year (up 39.2% quarter-on-quarter).
Net Sales are expected to decrease by 1 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 160.1 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 45.8 percent Y-o-Y (up 19.2 percent Q-o-Q) to Rs. 33.5 crore.
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HDFC - Cement Earnings Estimates
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