ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Cement sector. The brokerage house expects Shree Cement to report net profit at Rs. 573.1 crore down 25.3% year-on-year (up 16.5% quarter-on-quarter).
Net Sales are expected to increase by 14 percent Y-o-Y (up 27 percent Q-o-Q) to Rs. 4,510.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.6 percent Y-o-Y (up 20.9 percent Q-o-Q) to Rs. 998.2 crore.
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