ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Cement sector. The brokerage house expects JK Laxmi Cement to report net profit at Rs. 74 crore down 45.8% year-on-year (up 25% quarter-on-quarter).
Net Sales are expected to increase by 9.5 percent Y-o-Y (up 21.3 percent Q-o-Q) to Rs. 1,447.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 42.4 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 154.3 crore.
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