Somany Ceramics Q1 PAT seen up 216.1% YoY to Rs. 19 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Building Materials sector. The brokerage house expects Somany Ceramics to report net profit at Rs. 19 crore up 216.1% year-on-year (down 19.2% quarter-on-quarter).

Net Sales are expected to increase by 30.5 percent Y-o-Y (down 17.4 percent Q-o-Q) to Rs. 435.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 128.8 percent Y-o-Y (down 20.7 percent Q-o-Q) to Rs. 37 crore.

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