Shree Cement Q3 PAT seen up 59.6% YoY to Rs. 494.7 cr: HDFC Securities

HDFC Securities has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 494.7 crore up 59.6% year-on-year (down 9.6% quarter-on-quarter).

Net Sales are expected to increase by 14.5 percent Y-o-Y (up 7.9 percent Q-o-Q) to Rs. 3,260.1 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.2 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 969.6 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.