ICICI Securities has come out with its first quarter (April-June) earnings estimates for the India Cement sector. The brokerage house expects Shree Cement to report a 73 percent growth quarter-on-quarter (growth of 126.3 percent year-on-year) in net profit at Rs 290 crore.
Net Sales are expected to increase by 4.4 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 2107 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17.5 percent Q-o-Q (up 68.8 percent Y-o-Y) to Rs 593.5 crore.
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