Orient Cement Q3 PAT to Rs. 50.5 cr: HDFC Securities

HDFC Securities has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Orient Cement to report net profit at Rs. 50.5 crore (up 45.2% quarter-on-quarter).

Net Sales are expected to increase by 9.3 percent Y-o-Y (up 29.3 percent Q-o-Q) to Rs. 617.3 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 144.5 percent Y-o-Y (up 18.6 percent Q-o-Q) to Rs. 134.4 crore.

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