Shree Cement Q3 PAT may dip 26.9% YoY to Rs. 457.5 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 457.5 crore down 26.9% year-on-year (down 20.8% quarter-on-quarter).

Net Sales are expected to increase by 2.3 percent Y-o-Y (up 5.6 percent Q-o-Q) to Rs. 3,386.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 27.8 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 786.4 crore.

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