ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Cement sector. The brokerage house expects India Cement to report net profit at Rs. 3.9 crore down 74.5% year-on-year (up 172.1% quarter-on-quarter).
Net Sales are expected to increase by 15.4 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 1,400.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.1 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 153.7 crore.
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ICICI Direct - Consolidated Estimates Report
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