India Cement Q1 PAT may dip 46% YoY to Rs. 14.3 cr: ICICI

ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Cement sector. The brokerage house expects India Cement to report net profit at Rs. 14.3 crore down 46% year-on-year (down 71.5% quarter-on-quarter).

Net Sales are expected to decrease by 5.8 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 1,377 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 19 percent Y-o-Y (down 29.5 percent Q-o-Q) to Rs. 150.4 crore.

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