HDFC Securities has come out with its first quarter (April-June’ 19) earnings estimates for the Cement sector. The brokerage house expects Orient Cement to report net profit at Rs. 58.1 crore up 262.6% year-on-year (down 6.3% quarter-on-quarter).
Net Sales are expected to increase by 3 percent Y-o-Y (down 12.3 percent Q-o-Q) to Rs. 658.8 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 72.1 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 147 crore.
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