Prabhudas Lilladher has come out with its first quarter (April-June’ 19) earnings estimates for the Cement sector. The brokerage house expects Heidelberg Cement to report net profit at Rs. 74.7 crore up 46.1% year-on-year (up 22.7% quarter-on-quarter).
Net Sales are expected to increase by 5.5 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 566.6 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.6 percent Y-o-Y (up 17.4 percent Q-o-Q) to Rs. 136.4 crore.
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PL - Consolidated Earnings Estimates
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