Sadbhav Engg. Q1 PAT may dip 22.3% YoY to Rs. 49.3 cr: ICICI Direct

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ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Road & Construction sector. The brokerage house expects Sadbhav Engg. to report net profit at Rs. 49.3 crore down 22.3% year-on-year (up 70.3% quarter-on-quarter).

Net Sales are expected to decrease by 0.1 percent Y-o-Y (down 10.9 percent Q-o-Q) to Rs. 910.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3 percent Y-o-Y (down 13.1 percent Q-o-Q) to Rs. 110.2 crore.

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