Shankara Building Q3 PAT may dip 38.5% YoY to Rs. 10.8 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Building Materials sector. The brokerage house expects Shankara Building to report net profit at Rs. 10.8 crore down 38.5% year-on-year (up 18.8% quarter-on-quarter).

Net Sales are expected to increase by 11.5 percent Y-o-Y (up 8.2 percent Q-o-Q) to Rs. 696.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 17.3 percent Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 33.8 crore.

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