Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Cement sector. The brokerage house expects JK Lakshmi to report net profit at Rs. 170.1 crore up 68.5% year-on-year (up 74.8% quarter-on-quarter).
Net Sales are expected to increase by 13.1 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 1,754.8 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 33 percent Y-o-Y (up 52.6 percent Q-o-Q) to Rs. 288.6 crore.
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