Motilal Oswal has come out with its fourth quarter (January-March) earnings estimates for the Cement sector. The brokerage house expects Grasim Industries to report net profit at 249.2 crore down 24.8% quarter-on-quarter.
Net Sales are expected to decrease by 3.9 percent Q-o-Q (down 4.3 percent Y-o-Y) to Rs 2398 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 5.6 percent Q-o-Q (up 12.4 percent Y-o-Y) to Rs 483.2 crore.
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