Heidelberg Q2 PAT seen up 96.9% YoY to Rs. 32.1 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Cement sector. The brokerage house expects Heidelberg to report net profit at Rs. 32.1 crore up 96.9% year-on-year (down 10.3% quarter-on-quarter).

Net Sales are expected to increase by 11.2 percent Y-o-Y (down 5.3 percent Q-o-Q) to Rs. 479.9 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.8 percent Y-o-Y (down 10.7 percent Q-o-Q) to Rs. 77.5 crore.

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