Grasim Industries Q3 PAT may dip 40.2% YoY to Rs. 292.6 cr: Motilal Oswal

Grasim Industries | CMP: Rs 1,745.95 | The share price ended in the green adding over 2 percent after the company's standalone net profit was up 1.8% at Rs 964 rore against Rs 947 crore (YoY). Standalone revenue was up 36.7% at Rs 4,933 crore against Rs 4,933 crore (YoY) while standalone EBITDA rose 19.4% at Rs 956 crore against Rs 801.5 crore (YoY).

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Motilal Oswal has come out with its third quarter (October-December’ 22) earnings estimates for the Cement sector. The brokerage house expects Grasim Industries to report net profit at Rs. 292.6 crore down 40.2% year-on-year (down 71.6% quarter-on-quarter).

Net Sales are expected to increase by 7.2 percent Y-o-Y (down 8.1 percent Q-o-Q) to Rs. 6,200.2 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 24.6 percent Y-o-Y (down 27.3 percent Q-o-Q) to Rs. 695.1 crore.

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