ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Cement sector. The brokerage house expects Star Cement to report net profit at Rs. 62.5 crore down 30.2% year-on-year (up 71.7% quarter-on-quarter).
Net Sales are expected to increase by 22.5 percent Y-o-Y (up 26.5 percent Q-o-Q) to Rs. 458.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 16.2 percent Y-o-Y (up 71.1 percent Q-o-Q) to Rs. 118.7 crore.
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ICICI Direct - Consolidated Estimates Report
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