ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Cement sector. The brokerage house expects Ramco Cement to report net profit at Rs. 121.4 crore down 1.1% year-on-year (up 6% quarter-on-quarter).
Net Sales are expected to increase by 17.5 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 1,241.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs. 258.8 crore.
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ICICI Direct - Consolidated Estimates Report
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