Grasim Industries Q1 PAT seen up 2.9% YoY to Rs 853.9 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Cement sector. The brokerage house expects Grasim Industries to report net profit at 853.9 crore up 2.9% year-on-year (10.2% quarter-on-quarter).

Net Sales are expected to increase by 1.6 percent Q-o-Q (up 24.6 percent Y-o-Y) to Rs 11321.4 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.7 percent Q-o-Q (up 5.2 percent Y-o-Y) to Rs 2130.4 crore.

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