Greenlam Industries Q3 PAT seen up 5.9% YoY to Rs. 29 cr: Sharekhan

Sharekhan has come out with its third quarter (October-December’ 22) earnings estimates for the Building Materials sector. The brokerage house expects Greenlam Industries to report net profit at Rs. 29 crore up 5.9% year-on-year (down 2.4% quarter-on-quarter).

Net Sales are expected to increase by 14.8 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 516 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (OPM) are likely to fall by 60 percent Y-o-Y (up 90 percent Q-o-Q) to Rs. 11.3 crore.

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