ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Real Estate & Building Material sector. The brokerage house expects Kajaria Ceramics to report net profit at Rs. 84.7 crore up 96.4% year-on-year (down 11.5% quarter-on-quarter).
Net Sales are expected to increase by 82.4 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 1,024.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 13.7 percent Y-o-Y (up 78.1 percent Q-o-Q) to Rs. 143.2 crore.
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