October 13, 2016 / 18:49 IST
Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Cement sector. The brokerage house expects
Shree Cement to report net profit at Rs 519.4 crore, up 2.3 percent quarter-on-quarter.
Net Sales are expected to increase by 0.4 percent Q-o-Q (up 28.1 percent Y-o-Y) to Rs 2208.5 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.7 percent Q-o-Q (up 93.3 percent Y-o-Y) to Rs 750.8 crore.
Kotak Securities' report on Shree CementWe expect realizations to improve by Rs7-10/bag sequentially as prices remain strong in north and central regions.
We build volume growth of 17% yoy as the company benefits from expanded
capacities and superior capacity utilization compared to peers.
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