Arihant Capital has come out with its first quarter (April-June’ 21) earnings estimates for the Cement sector. The brokerage house expects Shree Digvijay Cement to report net profit at Rs. 16.5 crore up 67% year-on-year (down 40% quarter-on-quarter).
Net Sales are expected to increase by 57 percent Y-o-Y (down 22 percent Q-o-Q) to Rs. 137.1 crore, according to Arihant Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 63 percent Y-o-Y (down 28 percent Q-o-Q) to Rs. 34.2 crore.
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