Sagar Cements Q1 PAT seen up 13.1% YoY to Rs. 40.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects Sagar Cements to report net profit at Rs. 40.7 crore up 13.1% year-on-year (down 18.4% quarter-on-quarter).

Net Sales are expected to increase by 28 percent Y-o-Y (down 19.1 percent Q-o-Q) to Rs. 338 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 91.3 crore.

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