Ramco Cements Q3 PAT may dip 27.5% YoY to Rs. 146 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Cement sector. The brokerage house expects Ramco Cements to report net profit at Rs. 146 crore down 27.5% year-on-year (down 71.8% quarter-on-quarter).

Net Sales are expected to increase by 15.5 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 1,552 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.9 percent Y-o-Y (down 14 percent Q-o-Q) to Rs. 338.8 crore.

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