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    HomeNewsBusinessEarningsJK Cement Q1 PAT seen down 34% to Rs 47 cr: ICICI Securit

    JK Cement Q1 PAT seen down 34% to Rs 47 cr: ICICI Securit

    Net Sales are expected to decrease by 9.2 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs 862 crore, according to ICICI Securities

    July 18, 2016 / 13:47 IST

    ICICI Securities has come out with its first quarter (April-June) earnings estimates for the cement sector. The brokerage house expects JKCE to report a 34 percent degrowth quarter-on-quarter in net profit at Rs 47 crore.

    Net Sales are expected to decrease by 9.2 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs 862 crore, according to ICICI Securities.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8.6 percent Q-o-Q (up 87.3 percent Y-o-Y) to Rs 158 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jul 18, 2016 01:47 pm

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