ICICI has come out with its first quarter (April-June) earnings estimates for the Building Materials sector. The brokerage house expects Geenply Industries to report net profit at 36.2 crore up 6.2% year-on-year (down 13.5% quarter-on-quarter).
Net Sales are expected to decrease by 6.3 percent Q-o-Q (up 0.9 percent Y-o-Y) to Rs 418.7 crore, according to ICICI.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.4 percent Q-o-Q (up 5.7 percent Y-o-Y) to Rs 65.3 crore.
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