Ramco Cements Q3 PAT seen up 118.7% YoY to Rs. 208.6 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Ramco Cements to report net profit at Rs. 208.6 crore up 118.7% year-on-year (down 12.7% quarter-on-quarter).

Net Sales are expected to increase by 10.7 percent Y-o-Y (up 12.1 percent Q-o-Q) to Rs. 1,419.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 96 percent Y-o-Y (down 10.3 percent Q-o-Q) to Rs. 401.1 crore.

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