Shree Cement Q1 PAT may dip 20.3% YoY to Rs 404.5 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at 404.5 crore down 20.3% year-on-year (up 32.8% quarter-on-quarter).

Net Sales are expected to increase by 3.3 percent Q-o-Q (up 11.9 percent Y-o-Y) to Rs 2459.7 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.5 percent Q-o-Q (down 16.5 percent Y-o-Y) to Rs 610.6 crore.

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