ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Building Materials sector. The brokerage house expects Shankara Building Projects to report net profit at Rs. 7.9 crore down 59.5% year-on-year (up 389.5% quarter-on-quarter).
Net Sales are expected to decrease by 16.6 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 654.9 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 54.3 percent Y-o-Y (up 35.8 percent Q-o-Q) to Rs. 22.3 crore.
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