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Shree Cement Q1 PAT seen up 51.2% YoY to Rs. 560.8 cr: ICICI Direct

Net Sales are expected to increase by 44 percent Y-o-Y (down 14.8 percent Q-o-Q) to Rs. 3,350.1 crore, according to ICICI Direct.

July 13, 2021 / 12:34 PM IST
 
 
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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 560.8 crore up 51.2% year-on-year (down 26.9% quarter-on-quarter).

Net Sales are expected to increase by 44 percent Y-o-Y (down 14.8 percent Q-o-Q) to Rs. 3,350.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42.1 percent Y-o-Y (down 15.4 percent Q-o-Q) to Rs. 995.8 crore.

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