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    HomeNewsBusinessEarningsGrasim Industries Q2 PAT seen down 12% to Rs 732 cr: Kotak Sec.

    Grasim Industries Q2 PAT seen down 12% to Rs 732 cr: Kotak Sec.

    Net Sales are expected to decrease by 3.2 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 8714.7 crore, according to Kotak Securities.

    October 13, 2016 / 18:28 IST
       
       
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      Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Cement sector. The brokerage house expects Grasim Industries to report net profit at Rs 732.2 crore, down 11.8 percent quarter-on-quarter.

      Net Sales are expected to decrease by 3.2 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 8714.7 crore, according to Kotak Securities.

      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.9 percent Q-o-Q (up 40.2 percent Y-o-Y) to Rs 1826.2 crore.
      Kotak Securities' report on Grasim IndustriesStrong performance as (1) VSF and chemical businesses continue to operate at near-capacity utilization and (2) price trends remain firm.Volume growth of 4% yoy in Ultratech, supplemented by improving cement prices.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
      first published: Oct 13, 2016 06:28 pm

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