India Cement Q1 PAT may dip 79.4% YoY to Rs. 5.4 cr: Kotak

Kotak 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. 5.4 crore down 79.4% year-on-year (down 84.6% quarter-on-quarter).

Net Sales are expected to increase by 2.2 percent Y-o-Y (down 5.6 percent Q-o-Q) to Rs. 1,318.9 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 23.2 percent Y-o-Y (down 10.2 percent Q-o-Q) to Rs. 142.4 crore.

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