Ramco Cement Q2 PAT may dip 31.1% YoY to Rs 164.7 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Cement sector. The brokerage house expects Ramco Cement to report net profit at Rs 164.7 crore down 31.1% year-on-year (down 2.5% quarter-on-quarter).

Net Sales are expected to increase by 11 percent Y-o-Y (up 14.4 percent Q-o-Q) to Rs 1,405 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 20 percent Y-o-Y (down 1.7 percent Q-o-Q) to Rs 358 crore.

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