JK Cement Q1 PAT may dip 45% YoY to Rs. 43.8 cr: ICICI

ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Cement sector. The brokerage house expects JK Cement to report net profit at Rs. 43.8 crore down 45% year-on-year (down 55% quarter-on-quarter).

Net Sales are expected to increase by 5.3 percent Y-o-Y (down 12.2 percent Q-o-Q) to Rs. 1,097.1 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 24.6 percent Y-o-Y (down 28.6 percent Q-o-Q) to Rs. 149.1 crore.

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