India Cements Q3 PAT to Rs. 61.6 cr: Yes Securities

Yes Securities has come out with its third quarter (October-December’ 20) earnings estimates for the Cement sector. The brokerage house expects India Cements to report net profit at Rs. 61.6 crore (down 11% quarter-on-quarter).

Net Sales are expected to increase by 0.1 percent Y-o-Y (up 14.3 percent Q-o-Q) to Rs. 1,245.8 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 732.4 percent Y-o-Y (down 450.4 percent Q-o-Q) to Rs. 221.4 crore.

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