ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Cement sector. The brokerage house expects JK Cement to report net profit at Rs. 137.9 crore down 42.1% year-on-year (down 18.3% quarter-on-quarter).
Net Sales are expected to increase by 7.4 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 1,889.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 30.4 percent Y-o-Y (down 5.1 percent Q-o-Q) to Rs. 312.3 crore.
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